Big week ahead for major legislation to address housing affordability woes
This is performative politics again.
The Senate is pushing ahead with a bipartisan bill to improve housing affordability, teeing up a critical week for housing on Capitol Hill and raising major questions about what provisions will be included.
Senate Majority Leader John Thune (R-SD) filed cloture on legislation from the House on Thursday, and the Senate will hold a vote on whether to proceed on Monday. The situation, particularly about what will be added or stripped out of the House bill by the Senate, is fluid.
WHITE HOUSE CIRCULATES BILL TO BAN LARGE INVESTORS FROM SINGLE-FAMILY HOUSING
There have been two competing bipartisan housing bills — the Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. They share some important similarities, but also significant differences.
The ROAD to Housing Act would change the federal government’s role in housing and would limit barriers to construction imposed by localities and environmental rules. The bill contains provisions encouraging local and state governments to build more housing.
At a high level, the Housing for the 21st Century Act is designed to help modernize local development and rural housing programs, further expand manufactured and affordable housing finance opportunities, and protect borrowers and assisted families. It also enhances oversight of housing providers.
Both measures have strong support from members of both parties who see housing affordability as one of the major problems facing the country. Still, it will be difficult to get a bill through both chambers with the support of the White House.
The Senate might take the Housing for the 21st Century Act, strip it down, and add a lot of the text of its own bill into that shell. There will also likely be pieces of the House bill that were not in the ROAD to Housing Act that will remain in, although it is not clear which ones.
One significantly different measure in the House bill is a provision that would overhaul the HOME Investment Partnerships Program, a major housing program administered by the Department of Housing and Urban Development.
A senior GOP Senate aide told the Washington Examiner that the legislation is being framed as “ROAD to housing, plus” and will include additions to what was in the original iteration of ROAD to Housing, which previously passed the Senate last year as an amendment to the National Defense Authorization Act, but it was cut from the legislation in the House and did not become law.
Still, the parameters of the …
This is performative politics again.
The Senate is pushing ahead with a bipartisan bill to improve housing affordability, teeing up a critical week for housing on Capitol Hill and raising major questions about what provisions will be included.
Senate Majority Leader John Thune (R-SD) filed cloture on legislation from the House on Thursday, and the Senate will hold a vote on whether to proceed on Monday. The situation, particularly about what will be added or stripped out of the House bill by the Senate, is fluid.
WHITE HOUSE CIRCULATES BILL TO BAN LARGE INVESTORS FROM SINGLE-FAMILY HOUSING
There have been two competing bipartisan housing bills — the Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. They share some important similarities, but also significant differences.
The ROAD to Housing Act would change the federal government’s role in housing and would limit barriers to construction imposed by localities and environmental rules. The bill contains provisions encouraging local and state governments to build more housing.
At a high level, the Housing for the 21st Century Act is designed to help modernize local development and rural housing programs, further expand manufactured and affordable housing finance opportunities, and protect borrowers and assisted families. It also enhances oversight of housing providers.
Both measures have strong support from members of both parties who see housing affordability as one of the major problems facing the country. Still, it will be difficult to get a bill through both chambers with the support of the White House.
The Senate might take the Housing for the 21st Century Act, strip it down, and add a lot of the text of its own bill into that shell. There will also likely be pieces of the House bill that were not in the ROAD to Housing Act that will remain in, although it is not clear which ones.
One significantly different measure in the House bill is a provision that would overhaul the HOME Investment Partnerships Program, a major housing program administered by the Department of Housing and Urban Development.
A senior GOP Senate aide told the Washington Examiner that the legislation is being framed as “ROAD to housing, plus” and will include additions to what was in the original iteration of ROAD to Housing, which previously passed the Senate last year as an amendment to the National Defense Authorization Act, but it was cut from the legislation in the House and did not become law.
Still, the parameters of the …
Big week ahead for major legislation to address housing affordability woes
This is performative politics again.
The Senate is pushing ahead with a bipartisan bill to improve housing affordability, teeing up a critical week for housing on Capitol Hill and raising major questions about what provisions will be included.
Senate Majority Leader John Thune (R-SD) filed cloture on legislation from the House on Thursday, and the Senate will hold a vote on whether to proceed on Monday. The situation, particularly about what will be added or stripped out of the House bill by the Senate, is fluid.
WHITE HOUSE CIRCULATES BILL TO BAN LARGE INVESTORS FROM SINGLE-FAMILY HOUSING
There have been two competing bipartisan housing bills — the Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. They share some important similarities, but also significant differences.
The ROAD to Housing Act would change the federal government’s role in housing and would limit barriers to construction imposed by localities and environmental rules. The bill contains provisions encouraging local and state governments to build more housing.
At a high level, the Housing for the 21st Century Act is designed to help modernize local development and rural housing programs, further expand manufactured and affordable housing finance opportunities, and protect borrowers and assisted families. It also enhances oversight of housing providers.
Both measures have strong support from members of both parties who see housing affordability as one of the major problems facing the country. Still, it will be difficult to get a bill through both chambers with the support of the White House.
The Senate might take the Housing for the 21st Century Act, strip it down, and add a lot of the text of its own bill into that shell. There will also likely be pieces of the House bill that were not in the ROAD to Housing Act that will remain in, although it is not clear which ones.
One significantly different measure in the House bill is a provision that would overhaul the HOME Investment Partnerships Program, a major housing program administered by the Department of Housing and Urban Development.
A senior GOP Senate aide told the Washington Examiner that the legislation is being framed as “ROAD to housing, plus” and will include additions to what was in the original iteration of ROAD to Housing, which previously passed the Senate last year as an amendment to the National Defense Authorization Act, but it was cut from the legislation in the House and did not become law.
Still, the parameters of the …
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