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Senate Passes Bipartisan Housing Overhaul in 89–10 Vote

The measure now faces House negotiations under mixed White House signals.

Overview

  • The Senate-approved package, written by Sens. Tim Scott and Elizabeth Warren, bundles roughly 40 provisions focused on boosting housing supply and affordability.
  • Key measures aim to streamline approvals, expand manufactured and modular housing, and remove regulatory barriers to lower construction costs.
  • The bill would bar entities owning 350 or more single-family homes from buying additional properties while allowing them to build or rehabilitate homes.
  • Large investors would be required to sell homes to everyday buyers after seven years, with a three-year extension if a current renter opts to remain.
  • Differences with the House’s narrower bill must be reconciled, and passage is uncertain as President Trump has sent mixed signals and tied his signing priorities to separate election-law demands.