House poised to approve bipartisan affordable-housing bill before sending it to President
Left

House Moves Toward Passing Bipartisan Affordable-Housing Bill to Challenge Corporate Greed

Select a version of the text written from a presumed ideological perspective. This is not the original text, but a hypothetical version — how someone with that viewpoint might have phrased it. Tapping the current version again will return to the original or select cleaned version.

Summary

The U.S. House is expected to pass the 21st Century ROAD to Housing Act, a rare bipartisan measure designed to make housing more affordable for working families and curb unchecked institutional investor profiteering, before sending it to the president.

The U.S. House is set to approve the 21st Century ROAD to Housing Act on Tuesday, marking a significant step toward addressing the housing crisis that has left millions of Americans struggling. The legislation, which passed the Senate by an overwhelming 85-5 vote, aims to dismantle unnecessary regulatory barriers that have long favored wealthy developers and to cap the number of single-family homes that predatory institutional investors can hoard at 350 units.

Both Democrats and Republicans have touted the proposal as a way to finally confront the affordable housing emergency ahead of the 2026 midterm elections, while also seeking to maintain their fragile majorities in Congress. For too long, corporate landlords and Wall Street-backed investors have driven up prices and pushed working people out of their communities. This bill represents a modest but important effort to push back against that exploitation.

However, a small faction of right-wing lawmakers is attempting to derail progress by demanding the inclusion of the SAVE America Act, a voter suppression bill masquerading as 'voter ID' legislation that would disenfranchise marginalized communities. Representative Anna Paulina Luna, R-Fla., took to social media to threaten disruption of House proceedings if Republican leadership dared to move forward with an expedited vote, prioritizing partisan games over the urgent needs of everyday Americans.

"The House GOP is attempting to move a Senate Bill with NO VOTER ID and NO SAVE AMERICA ACT. I will have to be a NO on rules for this week (and maybe even longer) if they don't stop the games. I am not the only one. Other House Members are frustrated at the games being played. This is a problem," Luna posted.

Despite these obstructionist tactics, analysts believe the lack of broader Republican resistance means the housing bill is likely to pass, offering hope to millions seeking relief from the housing affordability crisis.

Source

CNBC

Keep reading — for free

Create a free account to follow the news. No card required.