Bipartisan home affordability bill passes the House
The House has passed a bipartisan bill aimed at improving housing affordability in the U.S. The legislation encourages homebuilding and restricts corporate landlords from purchasing more than 350 homes. Both chambers of Congress must agree on a final version before it can be sent to the president for approval.
- ▪The bill passed with a vote of 396 to 13 in the House.
- ▪It aims to address the housing affordability crisis by increasing home supply.
- ▪Corporate landlords will be banned from buying more than 350 single-family homes.
Opening excerpt (first ~120 words) tap to expand
Business Bipartisan home affordability bill passes the House May 20, 20261:37 PM ET By Stephan Bisaha House Financial Services Committee ranking member Rep. Maxine Waters, D-CA., and Chair French Hill, R-AR., listen to a hearing on Capitol Hill on June 24, 2025. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images Stay up to date with our Up First newsletter sent every weekday morning. Republicans and Democrats in the House voted Wednesday to pass a bill to address the nation's housing affordability crisis. It encourages homebuilding across the country and would ban corporate landlords from buying up more than 350 houses. The bill passed 396 to 13, and is an amended version of one passed by the Senate two months earlier.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at NPR — News.