Congress passes most ambitious housing legislation since the 1980s
The Wall Street Journal reported on June 24 that Congress passed its most ambitious housing legislation since the 1980s, a package of more than 50 provisions aimed at making it easier to build homes and improving afforda.
At a glance
- Congress passed a housing package of more than 50 provisions, per the WSJ's June 24 report.
- The WSJ described it as the most ambitious housing legislation since the 1980s.
- The legislation streamlines some federal approvals but does not address local regulations.
VERDICT — CONFIRMED
The Wall Street Journal reported on June 24 that Congress passed its most ambitious housing legislation since the 1980s, a package of more than 50 provisions aimed at making it easier to build homes and improving affordability. According to the report, the legislation streamlines some federal approvals for housing but does not address local regulations, where most housing policy is made, and home builders fear its impact will fizzle.
Key facts on file
- Congress passed a housing package of more than 50 provisions, per the WSJ's June 24 report.
- The WSJ described it as the most ambitious housing legislation since the 1980s.
- The legislation streamlines some federal approvals but does not address local regulations.