Connecticut’s delegation expressed anger and frustration after President Trump canceled the signing of a bipartisan federal housing bill on Wednesday. The bill, which aims to address the nation’s housing shortage, was expected to be signed into law but was put on hold by the President.
Local Impact
In Connecticut, the housing inventory is limited, with only 27 active listings per 10,000 homes in the state, compared to the national average of 76. Real estate specialist Debbie Huscher said that clients are being beaten out by buyers who pay way over the asking price and in cash.
“Supply is so low, especially when you get into that affordable price range, like under half $1 million,” Huscher said. She believes that more homes would bring prices down.
The state legislature passed its own housing law last fall, which requires towns to create a housing growth plan. Plans are due June 2028.
Federal Response
President Trump said that he wants to see what happens with the SAVE Act before signing the housing bill. The SAVE Act is a piece of legislation that has been criticized by some lawmakers, including Rep. Jim Himes (D-CT 4), who called it “insane” and said it solves a problem that doesn’t exist.
Rep. John Larson (D-CT 1) also responded to the President’s decision, saying that Congress came together to act on housing, but Trump won’t sign it without the SAVE Act. “He’d rather rig the midterms than do anything to help you,” Larson said.
Original reporting: NBC Connecticut — read the source article.
