The House on Monday passed a bipartisan housing bill aimed at lowering costs and increasing homeownership.

The House overwhelmingly passed the Housing for the 21st Century Act, 390-9. House Financial Services Chairman French Hill (R-AR) and ranking member Maxine Waters (D-CA) sponsored the legislation and it passed out of committee last December.

“Housing costs have soared beyond the reach of millions of American families thanks to Bidenflation, while outdated and burdensome red tape has constrained our nation’s affordable housing supply and limited our ability to expand it,” Speaker Mike Johnson (R-LA) said in a statement applauding the…

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