US Senate passes bipartisan bill to lower housing costs (opens original article in a new tab)

The US Senate passed a bipartisan bill aimed at lowering housing costs by streamlining construction, limiting investor home purchases, and authorizing grants for home improvements. The bill now moves to the House of Representatives after passing with a 85-5 vote.

• US Senate passes bipartisan bill to lower housing costs by streamlining construction and permitting
• Bill limits investors' ability to buy homes, waives federal permitting rules, and authorizes grants for home improvements
• Senate vote was 85-5, now heads to House of Representatives
• Bill includes language banning investors from buying single family homes if they own 350+ properties