Housing Affordability Bill

The Senate voted on a procedural motion to advance the House-passed Housing for the 21st Century Act (H.R. 6644). Following that, the Senate considered a substitute amendment, likely based on its own housing bill, the ROAD to Housing Act (S. 2651). The Senate passed its bill as an amendment to the National Defense Authorization Act last year, but the House removed it before final passage.

House Financial Services Committee Chairman Hill (R-AR) has warned the Senate that any bill must align with the priorities of both the House and the White House. This likely refers to provisions in the House bill related to community bank deregulation and White House demands to limit large institutional investors from purchasing single-family homes.