Senate passes housing bill restricting large investors (opens in new tab)

The Senate passed the 21st Century ROAD to Housing Act on Monday in an 85-5 vote, advancing a bipartisan housing affordability bill aimed at increasing supply, lowering costs and restricting institutional investors from buying certain single-family homes. The measure now heads to the House; CBS News reported that President Trump is expected to sign it if the House approves it. The bill would limit large investors with 350 or more homes from buying additional single-family properties. It also ...