{"id":17285,"date":"2026-06-23T18:31:38","date_gmt":"2026-06-23T18:31:38","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=17285"},"modified":"2026-06-23T18:31:38","modified_gmt":"2026-06-23T18:31:38","slug":"housing-bill-passes-senate-with-lawmakers-under-pressure","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=17285","title":{"rendered":"Housing bill passes Senate with lawmakers under pressure"},"content":{"rendered":"
\n

By Katy O\u2019Donnell and Rachel Schilke<\/strong> | Bloomberg<\/p>\n

The Senate passed a sweeping housing bill Monday, June 22, bringing Washington one step closer to enacting the most significant housing legislation in a generation.<\/p>\n

Read more US slaps new sanctions on Cuban companies key to island\u2019s crumbling economy<\/a><\/p>\n

The package \u2014 which passed in a 85-to-5 vote \u2014 would curb institutional investors\u2019 influence in the housing market while streamlining rules to unlock supply.<\/p>\n

The House and Senate had been trading competing versions of the affordability bill for months before a\u00a0bicameral deal\u00a0was announced last week.\u00a0The agreement came\u00a0as policymakers on both ends of Pennsylvania Avenue clamor to show voters they are doing something to tackle cost-of-living concerns ahead of this fall\u2019s midterm elections.<\/p>\n

\u201cThe bill we\u2019re passing today sends a clear message to every American struggling to find a place they can afford: elected leaders understand the problem and are actually doing something to try to solve it,\u201d Democratic Senator Elizabeth Warren said ahead of the vote.<\/p>\n

The measure must still be approved by the House before going to President Donald Trump\u2019s desk. The House returns this week from recess, and the bill will join a host of priorities for the chamber. Given the bipartisan nature of the bill, it\u2019s expected that Speaker Mike Johnson will bring the legislation up under suspension of the rules, which requires a two-thirds majority.<\/p>\n

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Federal policymakers have struggled for years to find the right tools to tackle soaring housing costs rooted in a supply shortfall. Trump\u00a0complicated negotiations\u00a0earlier this year when he threw out a spate of affordability proposals, including the restrictions on institutional investors, prompting lawmakers to find a way to reflect that idea in legislation.<\/p>\n

The compromise legislation the Senate passed would bar large investors with more than 350 homes from purchasing additional single-family properties, but it exempts build-to-rent projects from those restrictions.<\/p>\n

\n<\/div>\n

The package includes banking deregulatory measures sought by Republicans in the House and wage requirements important to Democrats in the Senate. It would also prohibit the Federal Reserve from developing a central bank digital currency through 2030.<\/p>\n

In a\u00a0boost for factory-built housing, the bill would eliminate the permanent chassis requirement for manufactured homes and establish the Department of Housing and Urban Development as the primary regulator of modular housing. It would also establish a HUD program for mortgage loans under $100,000.<\/p>\n

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The package \u2014 which passed in a 85-to-5 vote \u2014 would curb institutional investors\u2019 influence in the housing market while streamlining rules to unlock supply.<\/p>\n","protected":false},"author":1,"featured_media":15816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-17285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nHousing bill passes Senate with lawmakers under pressure - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=17285\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing bill passes Senate with lawmakers under pressure - 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