Senate to advance housing bill

The U.S. Senate has passed a bipartisan housing bill aimed at reducing federal regulations and increasing local control to address housing affordability and supply shortages. The legislation, now headed to the House, bans corporate investors from purchasing single-family homes and includes measures to streamline construction, fund local housing initiatives, and expand financing for manufactured housing. The bill is considered a significant step toward tackling the nation’s housing crisis, with support from both parties and faces final approval before reaching the president.

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