Senate Passes OBBBA: Implications for Multifamily Asset Owners and Capital Allocators

Alliance Intelligence Multifamily Editorial Team

On June 30, 2025, the Senate approved the One Big Beautiful Bill Act (OBBBA), with Vice President JD Vance casting the tie-breaking vote. The narrow passage underscores the significance of Senate control for the current administration’s policy agenda.

OBBBA contains a broad package of economic measures. Notable features include:

• Lowering the corporate tax rate to 21%

• Extending accelerated business investment deductions

• Increasing funding for fossil fuel projects

• Allocating additional support for the mining and dairy industries

• Modernizing farm bill programs

• Investing in aviation infrastructure