The largest housing bill in decades has just become law after weeks of tense political standoff between President Trump and Congress. The 21st Century ROAD to Housing Act focuses on three major reforms. It aims to increase the supply of housing by combining federal incentives for new homes with reforms designed to speed up home construction. The law also seeks to expand access to housing finance while limiting large institutional investors from buying single-family homes. Now comes the real test: can this ambitious legislation actually make housing affordable again?
Credits:
Reporter: Sarah Agostino, Mike Winters
Producer: Juhohn Lee
Editor: Meline Rosales
Animation: Jason Reginato, Emily Park
Senior Director of Video: Jessica Leibowitz
Additional Footage: Getty Images
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Will The New Housing Bill Actuall Lower Housing Costs?
Credits:
Reporter: Sarah Agostino, Mike Winters
Producer: Juhohn Lee
Editor: Meline Rosales
Animation: Jason Reginato, Emily Park
Senior Director of Video: Jessica Leibowitz
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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Will The New Housing Bill Actuall Lower Housing Costs?