The House of Representatives has passed the Housing for the 21st Century Act in a decisive 390\u20139 vote,<\/p>\n
advancing a bipartisan effort to address housing affordability and supply shortages across the country.<\/p>\n
The legislation, co-sponsored by House Financial Services Committee Chairman\u00a0French Hill<\/span><\/span><\/strong>\u00a0(R-AR) and<\/p>\n Ranking Member\u00a0Maxine Waters<\/span><\/span><\/strong>\u00a0(D-CA), now moves to the Senate for consideration.<\/p>\n Lawmakers described the bill as a targeted response to rising home prices and rents,<\/p>\n which many attribute to limited housing supply and regulatory barriers that slow development.<\/p>\n Rather than creating new subsidy programs, the measure focuses on modernizing existing federal<\/p>\n housing policies and reducing obstacles that supporters say make building new homes more expensive and time-consuming.<\/p>\n Key provisions direct the Government Accountability Office to identify inefficiencies in<\/p>\n federal housing programs and update the Department of Housing and Urban Development\u2019s HOME Investment Partnerships Program.<\/p>\n The bill also aims to reduce regulatory burdens and provide banks with greater flexibility to deploy capital toward housing development.<\/p>\n House Speaker\u00a0Mike Johnson<\/span><\/span><\/strong>\u00a0said the legislation is part of a broader strategy to tackle affordability challenges by expanding supply and cutting red tape.<\/p>\n Supporters argue that when there are not enough homes to meet demand, prices inevitably rise, and removing barriers to development is essential to stabilizing costs.<\/p>\n The overwhelming vote margin reflects rare bipartisan consensus in a divided Congress.<\/p>\n The bill\u2019s fate now rests with the Senate, where lawmakers have also expressed interest in supply-focused housing reforms.<\/p>\n If enacted, it would mark one of the most significant bipartisan housing reform efforts in recent years.<\/p>\n","protected":false},"excerpt":{"rendered":" The House of Representatives has passed the Housing for the 21st Century Act in a decisive 390\u20139 vote, advancing a bipartisan effort to address housing affordability and supply shortages across the country. The legislation, co-sponsored by House Financial Services Committee Chairman\u00a0French Hill\u00a0(R-AR) and Ranking Member\u00a0Maxine Waters\u00a0(D-CA), now moves to the Senate for consideration. Lawmakers described…<\/p>\n","protected":false},"author":1,"featured_media":4641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-4640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/posts\/4640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usanews1.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4640"}],"version-history":[{"count":1,"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/posts\/4640\/revisions"}],"predecessor-version":[{"id":4642,"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/posts\/4640\/revisions\/4642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usanews1.net\/index.php?rest_route=\/wp\/v2\/media\/4641"}],"wp:attachment":[{"href":"https:\/\/usanews1.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usanews1.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usanews1.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}