President Donald Trump has expressed a lack of enthusiasm for a newly passed bipartisan housing bill designed to enhance homeownership affordability. In remarks made to reporters at the White House on Monday, Trump referred to the legislation as "unimportant" and described it as a "yawn."
During the discussion, he emphasized the significance of the SAVE America Act over the housing bill, stating, "I think it’s so unimportant compared to the SAVE America Act." This act aims to impose stricter voting regulations, including proof of citizenship for voter registration and new limitations on mail-in voting.
The 21st Century Road to Housing Act, which has garnered bipartisan support, includes several key initiatives intended to facilitate housing access and lower barriers to homeownership. Key provisions include a pilot program for small-dollar mortgages under $100,000, modifications to environmental review processes for new construction, and grants to expedite housing development through preapproved plans.
Additionally, the bill seeks to limit the ability of large institutional investors, those owning over 350 single-family homes, from acquiring more properties, while still permitting the construction of rental homes.
This legislation represents a rare instance of bipartisan cooperation during an election year, particularly as housing affordability remains a critical concern for voters.
According to Scripps News, the bill has been officially submitted to the White House, where Trump has a period of 10 days, excluding Sundays, to either sign or veto it. Should he choose not to act while Congress is in session, the bill will automatically become law without his endorsement.
Reported by HarborBeat based on WMAR-2 News (source).
0 Comments
Log in to join the conversation.