The Senate has passed the largest housing bill in decades — bipartisan legislation designed to improve housing affordability and availability through deregulation, expanding old programs and banning institutional investors from buying single-family homes, with few exceptions.
The bill passed 89 to 10.
“It’s Democrats. It’s Republicans. It’s pieces they built out together,” said Sen. Elizabeth Warren, D-Mass., a co-sponsor of the bill, in an interview with NPR. “That is the strength of this bill.”
“It’s not a Republican issue or a Democrat Issue,” said Sen. Tim Scott, R-S.C., the bill’s other sponsor, speaking in advance of the vote on the Senate floor. “It’s an issue about helping moms like the one who raised me, the amazing woman that she was, become homeowners.”
Banning investors from buying singles family homes is definitely a plus, but I get nervous when I hear ‘deregulation’.
Yup getting corporate out of home buying is wonderful but they just cut a whole slew of environmental protections AND lowered standard for manufactured homes.
Basically the only way to get any Republicans to sign off was to screw over more Americans And make this place more of a shithole. And I’m sure corporations have already found a workaround for this bill.
Oh that’s easy. Turns out everyone on the board is now a landlord for like 100 properties each, they’re all simply ADMINISTERED through the corporation, for which each board member pays a modest fee.
Depends on the deregulation. I haven’t read the bill, but bans on mixed-use zoning could definitely go.
Deregulation on building is almost certainly a good thing.
Specifically zoning laws. Personally I’m fine with keeping heavy industry away from residential but light industry, commercial, and residential should be more mixed. Same thing with certain forms of agriculture, we need to blanket legalise chickens in residential areas.
I like chickens in a home setting but I’m not sure having more of them in our neighborhoods is a good idea right now considering the widespread bird flu going around