Story perspectives

Bipartisan Housing Bill Passes, Sent to Trump

6/18/2026

Summary

Story summary

Lawmakers reached a bipartisan agreement on the 21st Century ROAD to Housing Act, sending it to President Donald Trump.
Sen. Tim Scott (R-S.C.) and Sen. Elizabeth Warren (D-Mass.) co-sponsored the bill, and it passed 89-10 in March.
Negotiators dropped a provision, capping investors at 350 homes.
The act streamlines reviews, removes a steel-chassis rule, and urges the Federal Housing Administration (FHA) to offer mortgages under $100,000 as prices topped $400,000.

History

Historical Context

President George H. W. Bush’s 1990 Housing and Community Development Act launched the HOME program, which HUD says funded 1.5 million low-income units. It followed earlier reforms, like the 1968 act that authorized $5.3 billion for 1.7 million units and the 1974 act that created Section 8. Senators Tim Scott and Elizabeth Warren now propose the ROAD to Housing Act to cap investor purchases and expand FHA loans under $100,000.

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Story summary

Lawmakers reached a bipartisan agreement on the 21st Century ROAD to Housing Act, sending it to President Donald Trump.
Sen. Tim Scott (R-S.C.) and Sen. Elizabeth Warren (D-Mass.) co-sponsored the bill, and it passed 89-10 in March.
Negotiators dropped a provision, capping investors at 350 homes.
The act streamlines reviews, removes a steel-chassis rule, and urges the Federal Housing Administration (FHA) to offer mortgages under $100,000 as prices topped $400,000.

1 / 2