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Bangkok Post
Bangkok Post
World

US Congress passes landmark housing affordability bill

US Senate Banking Committee Chairman Tim Scott and Democratic ranking member Elizabeth Warren said the legislation reflected years of work by both parties

WASHINGTON (UNITED STATES) - The US House of Representatives passed a sweeping housing affordability bill on Tuesday, sending President Donald Trump one of Congress's rare cross-party achievements as lawmakers face mounting pressure over the cost of living.

The measure, known as the 21st Century ROAD to Housing Act, is aimed at boosting housing supply, easing construction rules and expanding access to home ownership as high rents, elevated mortgage costs and a shortage of homes have become major political concerns.

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