Senate passes bipartisan housing affordability bill

What happened

The Senate on Thursday approved bipartisan legislation aimed at making housing more affordable and accessible. The bill, sponsored by Sens. Tim Scott (R-S.C.) and Elizabeth Warren (D-Mass.), passed 89-10. The legislation’s “roughly 40 provisions” encourage local governments to expand housing development, make it easier to build and finance modular and manufactured housing, remove regulatory barriers and bar institutional investors from buying single-family homes, with exceptions, CNN said.