Senate passes housing affordability bill that faces problems in House

• The 21st Century ROAD to Housing Act, which passed 89-10, is the bipartisan product of negotiations between Sens. Tim Scott (R-S.C.) and Elizabeth Warren (D-Mass.), and is aimed at incentivizing more homebuilding.

Yes, but: Republican backlash in the House is threatening to tank the measure.

• The House passed its own bipartisan housing package last month, much of which is included in the Senate version.
• But House conservatives have already come out to blast the Senate product as "socialism," complaining that it unfairly restricts institutional investors in the housing market and nixes parts of the House version that would have deregulated small banks and credit unions.
• Either House Republicans accept the changes in the Senate bill, or the stalemate sets the chambers up for a conference to negotiate a compromise.

Between the lines: The Senate housing bill aims to drive housing costs down by increasing supply, streamlining environmental review and limiting certain corporate buying practices.