Sweeping housing affordability bill becomes law, despite Trump’s delay. Here’s what it actually means for the housing market

• The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation.
• Its passage signals that lawmakers recognize the frustration many Americans feel about the high cost of housing.
• At a time of elevated mortgage rates and near-record high home prices, many feel locked out of homeownership or struggle with monthly rent payments.