Vice President Harris Announces Economic Agenda

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Vice President Harris is expected to announce her plans at a rally on Friday. According to Forbes, it will focus on creating more affordable housing. Some of the finer points that I can see are $25,000 in down payment assistance for first-time homebuyers, 3 million new housing units within the next four years, tax credits for developers who build starter homes, investing $40 million in an innovation fund to tackle the housing crisis, and expanding a tax credit for housing developers who build affordable housing rental units.

Forbes also says she wants Congress to crack down on "predatory investors" who buy up rental homes and collude with each other to raise rental prices.

Just sharing this because there's obvious impacts on the housing market if this all takes effect.

This is basically just a summary of the Forbes article, you can read it in full here: https://www.forbes.com/sites/alisondurkee/2024/08/16/kamala-...