Senate Passes Housing Bill 85-5, Sending Investor Curbs and Supply Boosts to House
Updated
Updated · NBC News · Jun 22
Senate Passes Housing Bill 85-5, Sending Investor Curbs and Supply Boosts to House
3 articles · Updated · NBC News · Jun 22
Summary
An 85-5 Senate vote on Monday pushed the 21st Century ROAD to Housing Act to the House, which plans action within days before sending it to President Donald Trump.
The package pairs grants and funding for new home construction with faster local reviews and limits on large institutional investors buying single-family houses.
Negotiators broke a months-long impasse by adding House-backed provisions and dropping a Senate measure that would have forced investors with at least 350 homes to sell after seven years.
Tim Scott and Elizabeth Warren helped forge the bipartisan deal, giving Republicans a tangible cost-of-living win as Trump's approval sits at 37% and his economic rating at 33%.
The measure now stands as a rare second-term bipartisan breakthrough on housing affordability, even as Trump's Iran, surveillance and other controversies dominate Washington.
With Wall Street owning so few homes, can this landmark bill truly fix America's housing crisis?
Is Wall Street's new plan to fund homebuilders a loophole that undermines the housing bill's core goal?
If builder confidence is at a historic low, can any new law truly spur enough new construction?
The 21st Century ROAD to Housing Act: Bipartisan Solutions, Investor Caps, and the Future of U.S. Housing Policy
Overview
As of June 2026, the 21st Century ROAD to Housing Act (H.R. 6644) has gained strong bipartisan support and advanced significantly in Congress. The House passed the bill with broad backing, led by key committee members, and the Senate moved it forward with a decisive cloture vote, showing unified leadership from both parties. This legislative momentum highlights a shared commitment to addressing the nation’s housing affordability crisis, with the bill moving closer to a final Senate vote and signaling a major step toward comprehensive housing reform.