Top House Republicans this week say they pulled together a rare coalition of supporters for their long-awaited, revised bipartisan housing package — but the outlook for the bill is anything but cheery.
The House’s new bill is an amended version of the Senate’s 21st Century ROAD to Housing Act. House lawmakers removed a key but controversial provision that would force large investors to sell build-to-rent single-family homes seven years after construction. Several House Republicans and Democrats alike were opposed to the provision over concerns it would affect tenants’ ability to find housing, as well as discourage companies from building more rentals.
House leadership said the changes in the new package are enough to pull together a broad coalition of supporters, allowing them to bring it to the floor for a vote next week.