Senate Passes Most Robust Affordable Housing Bill In Decades

Source: Maksim Safaniuk / Getty

Affordable housing has long been one of the biggest roadblocks to wealth generation for the average American. Homebuilding has never truly recovered since the 2008 financial crisis, with housing demand far outpacing supply. In an effort to address the issue, the Senate passed a bipartisan bill to dramatically increase the supply of affordable housing nationwide. 

According to NBC News, the 21st Century ROAD to Housing Act, drafted by Sens. Tim Scott (R-S.C.) and Elizabeth Warren (D-Mass.)...