A land-use attorney said one of Arizona’s top housing industries will not be stifled after the U.S. House modified a bipartisan housing bill
The U.S. House recently passed the 21st Century ROAD to Housing Act, which seeks to limit institutional investors from buying single-family homes as well as reduce burdensome regulation, update federal government housing programs and provide banks with the ability to give more funding.
The House took up the Senate’s version of the bill, modified it and passed the amended bill 396–13. The bill has headed back to the Senate for further deliberations.
House Speaker Mike Johnson, R-Shreveport, Louisiana, said the bill “is transformational legislation that will immediately address the housing affordability problem and bring the American Dream back within reach for millions of young and working American families.”
U.S. Rep. Maxine Waters, D-Inglewood, California, described the bill proposal as “the result of a broad, bipartisan and bicameral legislative process, and is a huge step towards finally addressing the affordable housing and homelessness crises in this country.”
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