Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 07/11/2026 6:03:50 AM PDT by Diana in Wisconsin
A landmark housing bill automatically became law at 12 a.m. on Saturday after President Trump declined to sign it in protest of the Senate's inaction on an elections bill known as the SAVE America Act.
The bipartisan bill, known as the 21st Century ROAD to Housing Act, is the most comprehensive housing legislation in decades. The measure aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.
The president had been set to sign the legislation at a Capitol Hill bill signing ceremony last month, shortly after the House and Senate approved it by wide bipartisan margins. But he abruptly canceled the bill signing hours in advance, and threatened not to sign the legislation until Congress approved the SAVE America Act. That legislation would impose new restrictions on voting and registering to vote.
The president reiterated his intent not to sign the housing bill on Friday morning.
"I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT, which is polling at 97% with the Republican Party, and very high with the non-politician Dumocrats," the president posted on Truth Social.
(Excerpt) Read more at cbsnews.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
What the housing law does
The new law includes more than 45 provisions, many of which are aimed at increasing development of affordable housing by removing regulatory barriers and streamlining environmental reviews. It also launches a pilot program to aid local governments in converting vacant commercial buildings into affordable housing, unlocks more federal funding for the construction of factory-built homes and eliminates a rule that requires homes to be built on a chassis — a steel framework used to transport them.
In addition, it creates an innovation fund for communities that are increasing their housing supply, supports housing opportunities for veterans and limits the purchases of single-family homes by institutional investors.
The institutional-investor limits are aimed at cutting competition to benefit homebuyers, supporters say. And applying to existing single-family homes, rather than new construction, the law preserves incentives for financial firms to invest in new housing construction.
“TINY HOMES” A D U’S WOULD ALLOW FAMILIES TO TAKE CARE OF THEIR PARENTS WERE OR OTHER FAMILY MEMBERS & TAKE THE FINANCIAL STRAIN OFF OF TRYING TO PAY FOR “ASSISTED” LIVING RETIREMENT,ALSO
“The measure aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.”
It will wind up doing the exact opposite...........
Most unfortunate.
Susie Rasputin strikes again, one would suspect.
Yeah. I’m not convinced it will help much, either. I DO like that China might not be buying up our single-family homes, though...
At least President Trump made a point and is still insisting on Election security. That’s mainly why I posted this.
When did pocket vetoes become approval?
I have Tiny Home plans for my own future. I don’t have any kids of my own to take care of me so my plan is to rent out ‘the big house’ after building myself a Tiny Home on the property to the west, which is where my garden and greenhouse are located.
And I’ll hang on to the rental crop land until my last gasping breath, LOL!
“ The measure aims to increase housing supply and bring down costs”
It will do neither. Another example of one more paddock where the federal cow will be milked. All the “connected” people will increase their personal wealth while the program costs vastly more and produces vastly less. Same old song, different tune.
Whenever I see that word, “BIPARTISAN”, I know it’s unusually bad.............
AND it’s Elizabeth Warren’s bill to begin with. Ugh!
Little Kaia Hubbard. Another SeeBS know it all princess. ROTFL!
Just two of Tesla reasonably priced small house modules. If desired, several can be connected to increase square footage.
the Elon team is already ahead of the curve
The devil’s in the details. Hidden in the far corners of the words and paragraphs..........................
Mr. & Mrs. New Homeowner might tell their mortgage company to go to hell if they paid $600,000 for house that becomes worth $400,000.
I could live like that! I’m obsessed with all the Tiny Home channels on You Tube. ;)
I have 2 small ADU’s in my back yard. One has a bathroom, no kitchen, and my grandson lives in it. The other is just set up as a guest room, no bathroom, but the bathroom is right inside the back garage door. We have 1/3 acre and the way our yard is separated they are private from the yard we use. It’s nice having our grandson here. Don’t feel so isolated and alone.
: )
I’m obsessed with the brilliance and foresightedness of Elon Musk and the teams he creates to solve real problems.
“Affordable Housing”. The biggest scam if the 21st Century.
Yep. And developers will be the beneficiaries.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.