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Senate passes 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 passed a bipartisan housing bill on Monday that aims to reduce federal regulations and expand local control, one of the most sweeping efforts in recent decades to increase supply and bring down prices.
The bill, which passed 85-5 and now heads to the House, has been ...
Key takeaway Elizabeth Warren, the top Democrat on the banking panel, said it is the most significant housing bill to pass Congress since 1990, when the average home in America was sold for $150,000.
Why this matters in The Minneapolis
In Minneapolis , where housing affordability has become a pressing concern, the Senate's bipartisan housing bill could have significant implications. As the city continues to grapple with rising home prices and a shortage of affordable housing, the bill's aim to increase supply and lower prices could bring relief to prospective homebuyers. The ban on corporate investors buying single-family homes is particularly noteworthy, as it could help prevent the kind of speculative buying that has driven up prices in other cities. With the Twin Cities area experiencing its own affordability crisis, the bill's passage could be a welcome development for local residents and policymakers seeking to address the issue. As the bill heads to the House, Minneapolis residents will be watching closely to see how the legislation might impact the local housing market and what steps city officials might take to build on its provisions.
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 passed a bipartisan housing bill on Monday that aims to reduce federal regulations and expand local control, one of the most sweeping efforts in recent decades to increase supply and bring down prices.
The bill, which passed 85-5 and now heads to the House, has been ...
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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