WASHINGTON, March 13 -- Sen. John Kennedy issued the following press release:
The U.S. Senate passed Sen. John Kennedy's (R-La.) Build Now Act, as part of a major housing package, the 21st Century ROAD to Housing Act. Kennedy's bill would incentivize new home construction by tying federal funds to cities' rates of home construction. The 21st Century ROAD to Housing Act contains several pieces of housing legislation authored by members other than Kennedy. Following full U.S. Senate passage, the bill will require the U.S. House of Representatives' approval before reaching the president's desk.
"The Senate's passage of my Build Now Act marks a significant step toward making the American Dream of homeownership achievable again for young fami...