WASHINGTON, June 22 -- Sen. Jack Reed issued the following press release:
Today, the U.S. Senate passed the most significant housing legislation in nearly two decades with an overwhelmingly bipartisan vote of 85-5.
U.S. Senator Jack Reed (D-RI) lauded the Senate's passage of the 21st Century ROAD to Housing Act as a key tool to lower housing costs and increase the supply of affordable homes for Americans. Next, the U.S. House of Representatives must pass the bill before sending it to the president's desk to be signed into law.
The bipartisan bill, backed by Senator Reed, will expand and preserve the supply of affordable homes and apartments, streamline costly and time-consuming regulations, increase homeownership, and lower housing costs...