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Senate is set to pass a bipartisan housing bill aimed at increasing supply and lowering prices
By ABC at KSTP 5 Eyewitness News (ABC)
· June 22, 2026
· 5 min read
WASHINGTON (AP) — The Senate is set to pass a bipartisan housing bill on Monday that aims to bring down prices and increase supply in one of the most sweeping efforts in recent decades to reduce federal regulations and increase local control.
The bill has been the focus of intense House-Senate ne...
Key takeaway The measure was the result of years of work to “lower costs, expand housing supply, cut red tape, protect taxpayers, and help more Americans achieve the dream of homeownership,” said Senate Banking Committee Chairman Tim Scott, R-S.
Why this matters in The Minneapolis
In Minneapolis , where affordable housing options are scarce, the Senate's bipartisan housing bill could have significant implications. The ban on corporate investors buying single-family homes may help preserve existing housing stock for individual buyers, rather than seeing it snapped up by large investment firms. This could be particularly beneficial in neighborhoods where gentrification and displacement of long-time residents are concerns. Additionally, the bill's focus on increasing housing supply and reducing federal regulations may lead to more development and renovation projects in the city, potentially bringing more affordable options to the market. As the bill moves to the House and potentially to the President's desk, Minneapolis residents and city leaders will be watching closely to see how the legislation is implemented and what impact it may have on the local housing landscape. The city's own efforts to address affordability and homelessness may also be influenced by the federal government's new approach to housing policy.
About this story
Original reporting by KSTP 5 Eyewitness News (ABC) . The Minneapolis surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSTP 5 Eyewitness News (ABC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 22, 2026 ·
Source: KSTP 5 Eyewitness News (ABC) ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? WASHINGTON (AP) — The Senate is set to pass a bipartisan housing bill on Monday that aims to bring down prices and increase supply in one of the most sweeping efforts in recent decades to reduce federal regulations and increase local control.
The bill has been the focus of intense House-Senate ne...
When was this published? This article was first published on June 22, 2026 by KSTP 5 Eyewitness News (ABC) and curated for The Minneapolis readers.
Who reported this story? This story was reported by ABC at KSTP 5 Eyewitness News (ABC). To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Minneapolis, or browse our daily briefing and topic hubs .
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