‘Starter home’ tax breaks, aid for first-time buyers: What to know about Harris’ affordable housing proposals
Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs of owning and renting a home in the U.S.
“We should be making everything to make it more affordable to buy a home, not less,” Harris said during her speech in Raleigh, N.C.
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The Democratic presidential nominee called for the construction of 3 million new housing units, both for rent and for sale, over the next four years — an initiative housing experts say would help improve affordability.
That’s “the most exciting part of her plans to me,” said Daryl Fairweather, chief economist at Redfin, an online real estate brokerage.