President Donald Trump faces a deadline to decide whether to sign, veto, or let a bipartisan affordable housing bill become law. The 21st Century ROAD to Housing Act aims to increase housing supply and reduce prices by reducing federal regulations, speeding up the construction process, and curbing the influence of corporate landlords.
Key Provisions of the Bill
The legislation would restrict investment companies from purchasing homes and driving up prices, raise limits on the number of public housing units eligible for renovation financing, add new renter protections, and enhance programs to end homelessness. Republicans and Democrats have supported the bill as a way to tackle the nation’s affordability crisis, which has been driven in part by rising home prices due to a shortage of affordable housing.
President Trump has signaled that he remains undecided about signing the housing bill. When asked about his plans, he said, “I’ll make a decision. Not that I dislike it. I dislike the fact that people aren’t voting for voter ID with a picture,” Trump said. Last month, Trump described the housing bill as “a big yawn” and of “minor importance.”
The decision comes as new data from the National Association of Realtors shows the median U.S. home price has reached an all-time high of more than $440,000, potentially increasing pressure on the administration to act.
Original reporting: Oklahoma City News Feed (HLL/CB) — read the source article.
