Express News | Trump signs executive orders to address housing affordability issues
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To alleviate housing costs, the U.S. Senate passed a housing bill, with investor restriction clauses potentially sparking controversy in the House of Representatives.
The U.S. Senate passed a bipartisan bill aimed at increasing the housing supply in the United States, which includes a provision to limit Wall Street's influence in the housing market. The bill stipulates that investors with more than 350 housing units are prohibited from purchasing new single-family homes and must sell off part of their properties within seven years. Twelve housing and real estate industry groups have opposed this provision, arguing that it could restrict housing development and reduce the availability of rental options for tenants. These groups are looking to the House of Representatives to amend the bill.
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