00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Senate passed a bipartisan affordable housing bill Monday,
00:05as Congress works to finish the measure by the end of the week and send it to Trump,
00:09according to Reuters. The 21st Century Road to Housing Act aims to expand affordable single
00:15family housing as voters focus on high consumer prices. It now heads to the House for final
00:20passage. The bill would cap Wall Street investment firms at 350 single family homes per firm,
00:26while dropping an earlier provision requiring investors to sell holdings within seven years.
00:30It would also waive or speed environmental reviews, free more financing through federal
00:35block grants, and revamp a USDA rural housing program. Supporters say the bill aims to lower
00:41costs, expand supply, and help younger buyers enter the housing market. For all things money,
00:46visit Benzinga.com.
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