What are Kamala Harris’ economic proposals for home buyers and families?
Vice President Kamala Harris campaigned in the battleground state of North Carolina where she laid out her proposals for home buyers and their families.
Vice President Kamala Harris was on the campaign trail in the battleground state of North Carolina when she laid out economic proposals that aim to bring down the cost of living for Americans.
Her plan of action included food prices, taxes, medical costs, and an issue that been a thorn on the side of would-be homebuyers- that of affordable housing.
What are Kamala Harris’ economic proposals for home buyers and families?
The lack of inventory has made owning a home complicated for those on the market to buy one. To address this shortage, Harris proposes building three million new housing units spread out over four years. She intends to offer new tax incentives for builders of starter homes, to make it easier for people who are looking to buy their first home.
The vice president also aims to facilitate granting permits to speed up construction, so that more houses will be made available in the market faster.
Harris is proposing that $40 billion be set aside for an innovation fund for businesses involved in the creation of reasonably priced rental housing units.
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She is also supporting the repurposing of government land for the use of construction projects for new affordable homes.
To help those who are renting, she aims to lower their costs by regulating investors who purchase large quantities of housing units. Harris wants to discourage landlords from colluding with each other by limiting price-setting tools that result in higher rent.
She is also proposing financial assistance of $25,000 for renters who want to put a down payment on their first home.