The bill was passed in the House on Thursday. Industry players were pleased by its business-friendly tax provisions and other measures that may aid in homebuyer affordability
Surprise announcement comes on same day Biden administration rolls out $7.3T budget proposal that would provide $258B to expand access to affordable housing
It calls for rehabilitation of aging housing stock through new mortgages designed for renovations.
House Republicans are expected to vote Thursday on the 'Tax Cuts and Jobs Act'