The bipartisan legislation was crafted in both chambers and must now pass the House. It seeks to build more homes and prevent large investors from out-bidding families.
The Senate voted overwhelmingly on Monday to pass a sweeping housing affordability bill aimed at lowering costs, putting Congress on the brink of a rare bipartisan victory in Donald Trump’s second term.
The vote was 85-5.
The legislation, which makes it easier to build homes and slaps limits on Wall Street investors from buying up houses, now goes to the House, which hopes to vote on it in the next few days. Then, it would go to Trump’s desk to be signed into law.
Not sure why you expected apartments to be covered by a bill addressing home ownership.
Apartments can be owned by the residents, too. (Condos/flats.) Improvements in technology are now making it possible for companies to own and operate single-family homes in the same way that they’ve owned and operated apartments for hundreds of years. For that reason, I don’t find this bill to be logically consistent; If it is problematic for companies to own and operate homes (and I am skeptical that it is), then apartments should also be included.