Housing Bill

• The Senate passed a major bipartisan housing bill on March 12, 2026, with an 89-10 vote, marking the largest housing legislation in 36 years, co-sponsored by Senator Tim Scott (R-SC) and Elizabeth Warren (D-MA). • The bill implements a hard cap preventing institutional investors from purchasing additional single-family homes once they own 350 properties, and requires build-to-rent homes to be sold within 7 years, triggering depreciation recapture. • The legislation expands manufactured housing definitions to allow factory-built homes without steel chassis, broadens multifamily lending standards, and accelerates permitting timelines to increase overall housing supply.

• The U.S. Senate passed a broad bipartisan housing bill on Thursday designed to make U.S. housing more accessible and affordable, marking a rare bipartisan legislative effort to address the nation's growing housing shortage. • The bill represents a significant policy shift aimed at tackling housing affordability challenges facing American families across multiple income levels. • Congressional support for housing reform reflects bipartisan recognition of the critical need to expand housing supply and reduce barriers to homeownership and rental access.

The US Senate passed a broad bipartisan housing bill on March 12, 2026, aiming to increase construction and limit institutional ownership of single-family homes. The White House endorsed the measure on March 2, highlighting its potential to address affordability challenges. Its path in the House remains uncertain amid midterm pressures. Lawmakers from both parties cite high home prices as a top voter issue, with implementation depending on state and local policies.