
Trump cancels housing affordability bill signing, urges Congress to pass election measure
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The 21st Century Road to Housing Act includes dozens of provisions aimed at expanding housing access and reducing barriers to homeownership. Among them are a pilot program for small-dollar mortgages under $100,000, changes to environmental review requirements for new construction and grants to help communities speed up housing development through preapproved building plans.
The bill also would restrict large institutional investors that own more than 350 single-family homes from purchasing additional properties, while still allowing them to build homes intended for rental use.
Trump has been trying to get Republicans to pass the Safeguard American Voter Eligibility (SAVE) America Act for months, but Republican leadership has said there aren’t the votes to get the bill across the finish line.