Housing Affordability Bill Advances After Provision Scrapped (1)

The most sweeping housing legislation in a generation advanced in Congress after a contentious provision was removed and the White House offered its endorsement, sending the bill back to the Senate.

The House passed the bill 396-13 on Wednesday.

The legislation — which aims to increase the nation’s housing supply and boost homeownership — is an attempt to address voters’ affordability concerns ahead of the midterm elections this fall, as accelerating inflation and economic uncertainty exacerbated by the war in Iran take hold.

“This bill prioritizes American families by expanding homeownership, enhancing affordability, reducing burdensome regulations that drive up ...