India, June 24 -- In a rare display of bipartisan unity, US Congress is on the verge of enacting the most significant housing affordability package in a generation. The Senate overwhelmingly passed the "21st Century ROAD to Housing Act" by a staggering 85-5 vote, signalling a landmark compromise designed to break the nation's long-standing housing supply bottleneck.
The legislation, which now heads to the House for expected swift approval, aims to dismantle regulatory barriers, incentivise local home construction, and, in a major win for advocates, place strict limits on institutional investors snapping up single-family starter homes.
For millions of Americans, the legislation represents a long-awaited intervention in a market where home ...