Bipartisan housing bill passes House for presidential signature

The U.S. House of Representatives approved a broad bipartisan bill on Tuesday intended to lower housing costs by increasing supply. The measure received a 358 to 32 vote in the House, following an earlier 85 to 5 approval in the Senate.

Reporting from The Guardian and The Independent indicates that lawmakers from both major parties supported the legislation as a way to demonstrate progress on affordability issues before this year's midterm elections. The bill is described by these outlets as a comprehensive effort to address housing challenges through expanded supply.

President Donald Trump has indicated his intention to sign the measure into law at the Capitol on Wednesday. The legislative process for the bill concludes several months of negotiations between the House and Senate regarding the scope and requirements of the proposal.