Congress approves bipartisan housing bill

The House of Representatives passed a bipartisan bill aimed at addressing the U.S. housing affordability crisis, encouraging streamlining construction regulations, local innovation, and limiting investor home purchases. The legislation, supported overwhelmingly and expected to be signed by the President, responds to rising housing costs and a significant housing shortage caused by decreased development since 2008. It includes measures to improve factory-built housing and restrict large investor acquisition of homes.

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