House Passes Affordable Housing Bill, Sends It to Trump's Desk
The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity.
TL;DR
- The U.S. House voted 358-32 to pass the 21st Century ROAD to Housing Act.
- The bill aims to lower housing costs for homebuyers and limit institutional investors.
- It is a bipartisan measure that previously passed the Senate 85-5.
- President Trump is scheduled to sign the legislation.
- Some conservative House members opposed the bill for not including the SAVE America Act (voter ID legislation).
- Rep. Anna Paulina Luna threatened to block the bill's expedited passage.
- Luna was among the 32 Republicans who voted against the housing measure.