U.S. Senate passes housing affordability; House consideration next

The U.S. Senate on Thursday overwhelmingly approved legislation aimed at boosting affordable housing construction nationwide, giving lawmakers the opportunity to campaign for re-election this year by highlighting efforts to ease the burden of high living costs.

The legislation, spearheaded by Senate Banking Committee Chairman Tim Scott of South Carolina, a conservative Republican, and Senator Elizabeth Warren of Massachusetts, the progressive senior Democrat on that panel, must be reviewed and voted on by the House of Representatives.

The measure passed 89-10. Nine Republicans and one Democrat opposed it.

It was unclear whether housing and financial industry opposition to some provisions in the Senate bill could slow progress toward passage in the House.

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