Trump Declines to Sign Bipartisan Housing Affordability Legislation

Why it matters locally: While the immediate impact of this federal decision on New Jersey's housing market will depend on the specifics of the legislation, housing affordability is a pressing concern for many residents across the state, which has some of the highest housing costs in the nation.

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President Donald Trump stated he would not sign a bipartisan housing affordability bill. The legislation is set to become law Friday without his signature. Under the Constitution, a bill passed by Congress becomes law if the president does not sign or veto it within 10 days, excluding Sundays, while Congress remains in session. Friday marks the conclusion of this 10-day period for the housing measure.