A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability.
The measure contains roughly 40 provisions intended to increase housing supply and lower costs. It remains to be seen if it can pass the House as is, and comes one month after the House of Representatives passed a similar, slimmer package.
The Senate’s bill, called the 21st Century ROAD to Housing Act, is led by South Carolina Sen. Tim Scott, a Republican, and Massachusetts Sen. Elizabeth Warren, a Democrat. It seeks to encourage local governments to expand housing development, remove regulatory barriers that critics say slow construction, and expand manufactured housing,