Breaking news, a major housing bill just passed the U.S. Senate, and it could have real implications for housing supply, investors, and the rental market.

I'm Kathy Fedke, and this is Real Estate News for Investors.

This is Real Estate News with Kathy Fedke.

The legislation is called the 21st century Road to Housing Act.

Road stands for renewing opportunity in the American dream.

The bill passed the Senate with strong bipartisan support, winning 89 votes.

It was written by two unlikely partners, Republican Senator Tim Scott of South Carolina and Democrat Senator Elizabeth Warren of Massachusetts.

Lawmakers say the goal is to build more homes and make housing more affordable.

The legislation includes grants and pilot programs designed to encourage new housing construction.

It also aims to reduce regulatory delays that can slow down development.

For example, it would streamline some federal inspections and coordinate environmental reviews between agencies.

The hope is that fewer bureaucratic hurdles will help speed up housing projects and increase supply. But one part of

the bill is getting the most attention, a section titled, Homes are for People, not Corporations.

It targets large institutional investors that buy large numbers of single-family homes. Supporters

say the goal is to protect homeownership opportunities for families

instead of large Wall Street firms buying up houses. However, the provision is raising concerns

across parts of the housing industry. One rule in the bill would require large investors who own

or build 350 or more single-family homes to sell those homes within seven years.

And that is where the controversy begins. Housing and mortgage groups warn that the rule could

unintentionally hurt build-to-rent communities. These neighborhoods have grown rapidly in recent years.

They often look like traditional

single-family subdivisions, but the homes are designed specifically for renters and are

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