House Passes 396-13 Housing Bill, Softening Investor Curbs Before Senate Talks
Updated
Updated · CNN · May 20
House Passes 396-13 Housing Bill, Softening Investor Curbs Before Senate Talks
8 articles · Updated · CNN · May 20
A 396-13 House vote advanced a bipartisan housing package that would expand construction loans, ease permitting, support office-to-residential conversions and widen access to manufactured housing.
The biggest House-Senate split is investor policy: the House kept limits on large firms buying single-family homes but dropped the Senate's requirement that build-to-rent and renovate-to-rent properties be sold within seven years.
Manufactured housing is a major cost-cutting piece. Both chambers would scrap the 1974 permanent-chassis rule, a change the Bipartisan Policy Center says could lower per-home costs by $5,000 to $10,000.
Senate Banking leaders Tim Scott and Elizabeth Warren are now canvassing senators on the House changes before the chambers reconcile a final bill for President Donald Trump, who earlier endorsed the tougher Senate version.
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