Passes Bipartisan

• The Senate passed H.R. 6644, the 21st Century ROAD to Housing Act, on March 12, 2026, with a bipartisan vote of 89 to 10, combining housing supply and community investment measures. • The bill includes provisions to raise caps on bank community development investments, update the definition of manufactured housing to include modular and prefabricated homes, and restrict large institutional investors from purchasing single-family homes. • The White House Office of Management and Budget issued a statement strongly supporting the Senate amendment and indicating the president's advisors would recommend signing it into law if presented in its current form.

• 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.