00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A bipartisan housing bill became law Saturday without Trump's signature after he refused to sign it
00:08unless the Senate passed the Save America Act, according to NPR News.
00:13The 21st Century Road to Housing Act includes more than 40 provisions aimed at improving
00:18affordability and encouraging home construction. It blocks corporate landlords with at least 350
00:24single-family homes from buying more properties and streamlines some environmental reviews.
00:30The law also creates grants for pre-approved housing designs.
00:33It removes the permanent chassis requirement for manufactured homes,
00:37potentially cutting construction costs by $5,000 to $10,000 per unit.
00:41It does not provide new federal funding or override local zoning laws.
00:46Experts said housing developments and affordability improvements could take years,
00:50but rising home prices make the federal law a necessary first step alongside local reforms.
00:55For all things money, visit Benzinga.com.
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