Trump will allow a bipartisan housing bill he previously opposed to take effect as law, U.S. media reported, with its cross-party origin notable.

The U.S. faces heavy housing costs amid a supply shortage and rising rents; attention is on whether the bipartisan bill will help expand supply and ease costs.

Cooperation across the aisle is a rare case in a gridlocked Congress, though real effects depend on funding, implementation and local-government cooperation.

Experts say one bill can hardly solve structural problems quickly, requiring sustained policy and improving market conditions.

We present the policy's promise and limits together and note the impact on Chinese-American households.