The Senate overwhelmingly passed the 21st Century ROAD to Housing Act with an 89-10 vote, a significant bipartisan package designed to increase housing supply and affordability.New provisions in the bill aim to curb institutional investors' purchases of single-family homes by defining them as owners of 350 or more homes, imposing a seven-year sale requirement for new acquisitions and offering tenants a first right of refusal.The legislation now returns to the House, where its passage is uncertain due to President Trump's stated condition of passing voter ID laws first and potential delays in House leadership's review process.Supporters, including Senators
Elizabeth Warren and
Tim Scott, champion the bill as a practical solution to housing shortages, while opponents caution that limiting large investors may reduce rental supply and increase rents.