House Easily Passes Measure To Assist
The House of Representatives passed the Housing for the 21st Century Act in a decisive 390–9 vote, sending the bipartisan bill to the Senate.
Lawmakers say it targets rising home prices and rents by addressing supply shortages and regulatory barriers.
Rather than creating new subsidies, the measure focuses on updating existing federal housing policies and reducing obstacles that make construction more costly and slow.
Key provisions direct the Government Accountability Office to review inefficiencies in housing programs and update the Department of Housing and Urban Development’s HOME Investment
Partnerships Program. The bill also seeks to ease regulatory burdens and give banks more flexibility to invest in housing development.
House Speaker Mike Johnson said the legislation is part of a broader strategy to improve affordability by increasing supply and cutting red tape.
Supporters argue that when supply fails to meet demand, prices rise, and reform is necessary to stabilize costs.
The strong vote margin reflects rare bipartisan agreement. The bill’s future now depends on Senate action.
