House passes bipartisan housing bill as Trump zeroes in on affordability crisis
The House of Representatives passed a bill aimed at making it easier for everyday Americans to purchase a home, an issue that's become a cornerstone of the affordability crisis plaguing...
By Fox News · Fox News
The House of Representatives passed a bill aimed at making it easier for everyday Americans to purchase a home, an issue that's become a cornerstone of the affordability crisis plaguing much of the United States. The legislation, which passed with a 390-9 vote, is a rare show of bipartisanship in an increasingly polarized Congress, having gotten a significant amount of support from both Republicans and Democrats. Housing affordability is also an issue that President Donald Trump has promised to tackle during his second term in office. Last month, he signed an executive order making it harder for large investment firms to buy single-family homes that could otherwise be purchased by American families, and his One Big Beautiful Bill Act also included tax incentives aimed at development in economically distressed communities. TRUMP SIGNS NEW LAW HELPING VETERANS AVOID FORECLOSURE WITH PARTIAL CLAIMS PAYMENT PROGRAM The legislation that passed on Monday is a wide-ranging bill with various measures aimed at growing the supply of affordable housing in the U.S., including incentivizing the construction of multifamily homes, taller buildings on smaller lots, and less restrictive permitting processes in state and local jurisdictions. The streamlining would include establishing a new pilot program under the Department of Housing and Urban Development (HUD) to award grants for creating "pattern books" of pre-approved housing designs that are already compliant with local building codes. Parts of the bill are chiefly aimed at expanding "missing middle" housing, which is the range between single-family homes and larger apartment buildings. I TRIED FOR YEARS TO BUY A HOME. WALL STREET ALWAYS BEAT ME — TRUMP MADE THE RIGHT CALL The measures are primarily aiding first-time home buyers as well as lower-income Americans, and housing developers focused on small and mid-sized housing rather than larger luxury construction. Multiple public surveys released in recent months have found tha…