Senate is set to pass a bipartisan housing bill aimed at increasing supply and lowering prices

The Senate overwhelmingly passed the bipartisan 21st Century Road to Housing Act on Monday, sending the legislation to the House. This landmark bill aims to lower housing costs by streamlining construction and permitting while limiting the ability of investors to purchase homes. The measure includes pilot programs for home improvement grants and affordable housing planning. Lawmakers achieved this rare consensus to address rising costs and boost supply ahead of the upcoming November midterm election cycle.