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WASHINGTON — Two top Senate Democrats clashed with each other Wednesday over a bipartisan bill designed to boost housing affordability, reflecting a simmering debate within the party between advocates for more housing construction and those seeking to ensure its profits don’t enrich private equity.
The squabble between Sen. Brian Schatz (Hawaii) and Sen. Elizabeth Warren (Mass.)— two members of Senate Minority Leader Chuck Schumer’s (N.Y.) leadership team — centers on a populist provision pushed by both Warren and President Donald Trump aiming to prevent hedge funds and private equity investors from holding on to single-family homes that could otherwise be purchased by families.
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Schatz, a self-identified member of the Yes In My Backyard or YIMBY Movement which aims to speed up housing construction to increase supply and lower housing costs, took to the Senate floor t
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