Washington — The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus that comes as affordability remains top of mind for voters heading into the midterm elections.
In an 85-5 vote, the Senate approved the legislation along wide bipartisan margins. It now heads to the House for approval.
The bill, known as the 21st Century ROAD to Housing Act, aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.
The Senate approved an earlier version of the package in March, before the House
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