The U.S. Senate has approved a bipartisan housing bill aimed at increasing housing supply, reducing regulatory barriers and addressing affordability concerns. The legislation passed by an 85-5 vote and now moves to the House, where lawmakers are expected to consider it later this week.
Senate Banking Committee Chairman Tim Scott said the measure seeks to lower costs, expand housing construction and promote homeownership.
The legislation includes incentives for local governments that increase homebuilding, streamlines environmental reviews and supports the conversion of unused infrastructure into housing.
It also expands financing options for affordable and manufactured housing and increases private investment opportunities in public housing rehabilitation.
Lawmakers from both parties backed the bill as a response to rising housing costs and a nationwide shortage of homes. The report said President Donald Trump has signaled support for the measure if it reaches his desk.
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The Senate passed a bipartisan housing bill aimed at reducing federal regulations and expanding local control — one of the most significant efforts in recent decades to lower housing prices. https://t.co/GoPg6PkdAJ pic.twitter.com/x9XdLGRuNr
— ABC News Live (@ABCNewsLive) June 23, 2026
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