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Sen. Elizabeth Warren on Senate affordable housing bill
CNBC Televisionยท 2025-08-04 17:15
Housing Supply & Federal Initiatives - The US Senate unanimously passed a housing bill aimed at increasing housing supply across America [1] - The core issue identified is a lack of sufficient housing supply nationwide, impacting urban, rural, rental, first-time buyers, seniors, and people with disabilities [2][3] - The federal government's role has primarily been in finance, with limited involvement in public housing, contributing to rising housing prices over the past 40 years [2] Bill Provisions & Strategies - The bill seeks to reduce construction costs through measures like promoting modular housing and pre-approved plan book housing [4] - An innovation fund is included to incentivize cities to build more housing by providing financial support for infrastructure like schools and sewer connections [5] - The overarching goal is to increase housing supply to help lower housing costs [5]