Senate passes bipartisan housing bill targeting large investors and easing regulations

"If we want to bring down the cost of housing, we've got to build a lot more. And what I love about this bill is that it has more than 40 different provisions in it, all of which aim in the same direction, which is to give a push toward building more housing."

"We put this bill together with the deep-seated belief that it is families who should live in homes, and that's what homes are for. They're not there simply as investment."

"It's not a Republican issue or a Democrat Issue. It's an issue about helping moms like the one who raised me, the amazing woman that she was, become homeowners."

The Senate passed the largest housing bill in decades with overwhelming bipartisan support, addressing the nation's critical housing shortage and affordability crisis. The legislation includes over 40 provisions designed to boost housing supply, with the typical home priced around $400,000 far exceeding what average families can afford. A key shortfall of approximately 4 million housing units drives prices upward. The bill incorporates deregulation measures, expands existing programs, and introduces a ban preventing investors owning 350 or more homes from purchasing additional single-family properties. The Senate version closely mirrors House legislation passed the previous month, with 84% of House provisions included. Bipartisan sponsors emphasize the bill's focus on enabling families to become homeowners rather than treating homes as investment vehicles.

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