Housing affordability bill clears US Senate; future uncertain in House
By Gregg Montgomery
Published on March 12, 2026.
The US Senate has passed a bill to make U.S. housing more accessible and affordable, a rare bipartisan effort in Congress. The Housing for the 21st Century Act, which passed 89-10, reduces regulations, regulates corporate investors and expands how housing dollars can be used to build affordable homes and rentals. The bill will now return to the House, which previously passed a similar bill. Despite the bipartisan vote, it is uncertain whether the House will take up the bill again or if President Donald Trump will sign it. The legislation aims to make homebuilding easier by streamlining some regulations and reducing costs. It would also allow banks to invest more in affordable housing and lift limits on public housing units receiving private financing through Section 8 funding to rehabilitate properties.
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