The Senate advanced a major Trump-backed housing package on Monday, sending the 21st Century Road to Housing Act to the House in what represents the most significant congressional effort in decades to tackle America’s housing crisis.

The legislation includes nearly 60 provisions aimed at boosting housing supply, cutting red tape, and preventing large institutional investors from continuing to snap up single-family homes — a key priority pushed directly by President Donald Trump.

Among its main components, the bill restricts Wall Street firms and private equity from aggressively purchasing entry-level housing stock, promotes the construction of manufactured housing, introduces pre-approved home design templates to speed up local approvals, and offers targeted incentives for localities that prioritize new construction. The package is designed to help reverse the trend of turning America into a “nation of renters,” with supporters arguing it will make homeownership more accessible for working families.

President Trump has repeatedly highlighted the housing crisis as a top domestic priority, particularly the role of massive corporate investors driving up prices and locking out first-time buyers.

This bill delivers on that promise by putting American families ahead of hedge funds and institutional landlords. While the legislation has bipartisan elements — including support from Sen. Elizabeth Warren on certain supply-side measures — its momentum and investor restrictions reflect the America First approach Trump has championed.

The bill now moves to the House, where it is expected to face further scrutiny but remains on a path toward President Trump’s desk.