Vice President Kamala Harris will introduce a campaign proposal seeking the construction of 3 million new housing units during her first four years in office, along with a new tax incentive for builders that create properties for first-time homebuyers.
The Wall Street Journal, sourcing its reporting from unnamed “Harris campaign officials,” said the Democratic Party’s presidential nominee will officially highlight her housing initiatives on Friday in Raleigh, North Carolina, as part of the unveiling of her economic plan. Since gaining the nomination, Harris has offered no specific details on how she would address housing and other economic concerns if she was elected president.
The new housing proposals would expand on President Biden’s previous call for the creation of 2 million new homes. She will also propose a $40 billion fund to help local governments find new solutions to address housing inventory shortages – Biden previously called for a $20 billion fund. Harris is expected to repeat the Biden plan of expanding the low-income housing tax credit to developers who build low-income housing.
The Harris team offered no preview details on the new tax incentive related to builders constructing homes for first-time buyers.
Harris had only mentioned housing in passing during a recent speech in Georgia where she pledged to “take on corporate landlords and cap unfair rent increases.” However, she did not offer any specifics on how either goal would be achieved.
Photo: Marc Nozell / Flickr Creative Commons
So a radical leftwing politician who has never had a private sector job, never built anything, and was groomed politically in the most highly regulated anti-development state in the union, is going to help build 3 million new houses?
Is anyone falling for this?
Apparently, it’s not just the 18-24 year olds she thinks are stupid.
Well said. All elected representatives should have had to make a payroll or serve their country in a military capacity
I agree with you!
🎯🎯
I think any incentive for more housing and especially for first time home buyers is a plus! The RE market in NC had been going strong even with not enough houses to go around. More available housing only makes it better for the consumer and real estate professionals. There seems to be plenty of work out there for people willing to do what it takes to get ahead. The individual is in the driver seat.
Except when they are GIVEN a home. This is a terrible plan from somebody without a clue.
And who will pay? It is a terrible plan. We need to help OUR homeless so they can have tge dignity of work and EARN a home. Stop giving medical, welfare and housing to illegals on the government programs and tax payers. Use those funds for USA citizens in need!!!
Amen to that!!
Kamala is a Neo Marxist!
Well taught and influenced by her Jamaican Card Carrying Marxist Communist Father. What an insult to this country, what a joke, embarrassment, to have a presidential candidate like this unqualified imposter.
A total fake, socialist Puppet.
I told my daughter its all personal about trump
And America is not a personal it’s your future
If you Democrats and republicans are the same maybe but not this election
I told to vote for change to get rid of all this group on bunch of losers
Go Change go trump
she’s nuts
Yup!
100% correct.
I’m just HOPING no one is buying anything she’s trying to sell.
She has only built 8 EV stations how does she think she can build these homes?
So, we already build 1.5 million homes per year which would be 6 million over any Presidents 4-year term. Does this mean she is planning on only building 3 million in four years, basically cutting production in half? Bidenonmics really?
So you are saying a President can’t address a housing shortage unless they are a builder? The other candidate is a builder. Did he ever address the housing shortage or affordable housing while he was president? Do you think Harris will build the homes herself? It takes a woman to get things done and she will!
Judging by the way she handled the border, I have huge doubts she’ll do anything she promises that she’ll do. It blows my mind that anyone would hire her to be president of the United States based on what she says she’ll do rather than her experience for which she has none. She hid from the media during her vise presidency, and she is hiding from them still. No one, regardless of what they claim on their resume gets hired without an interview, but you’ll let her slide based on the fact that she is a female? Please….
I totally agree with you. She should just stay in the state she destroyed.
She has no idea what hard times are nor what a hammer is, much less how to swing a hammer. Such a liar. Four more years of Harris and I won’t have an income. Nobody in real estate will have an income. The past four years have been devastating.
Agreed
She said units. Meaning public government housing projects. . Not houses! They never turn out well. It is good to provide incentives to build affordable houses, we have done that. Fast track approval process, special loan rates for the builder and buyer, down payment assistance. These things helped our buyers into ownership, working poor, teachers, construction workers, hairdressers. Ownership brings independence, equity and eventually a free and clear mortgage. Rentals keep you stuck and going nowhere.
But she’s cute ain’t she? That’s enough for me because I’m a smelly old white guy like the ones who have been elected president for the last 250 years. Put a woman in charge. Because she’s a woman and we haven’t tried that yet. Most other countries in the world have tried it to great success but the USA? We’re not ready for that yet. And of course many of those very same old white men and one black guy were sure to destroy democracy. But they didn’t. Even Donald Trump couldn’t destroy it. And he gave it a good try. So I say let the girl give it a shot. My mom was a girl I bet yours was too. KAMALA/WILZ 2024 !!!!!!
I’m TRULY PRAYING you are just BEING SARCASTIC !!!!
#Trump/Vance2024
Probably for the 10 million Illegals that have come over since Biden Opened Our Borders 4 years ago.
Pretty sure Not for us American Citizens!
But why do you think that the U.S. citizens, LPR’s and other legal residents are excluded on this proposal?
Granting that your opinion has any merit(s) at all, how is that possible to arbitrarily bypassed especially, the U.S. citizens in this country, vis-a-vis the illegals?
Would this not give us, licensees to have more real estate 🏡 deals and business opportunities to deal with while helping the first time buyers.
My hope is to have a viable discussion on issues affecting our industry, instead of simply hammering down a policy proposal because of a differing political preference.
zkYour reasoning seems to be this proposal would bring “more deals and business opportunities”. Sounds very much like 2008 when agents were making big bucks because of “incentives” for buyers – liar loans, 20/80 loans, loans for more than purchase price of homes, etc. Went great until it didn’t.
Exactly!
She has not done anything as Vice President badge is a joke ! Vote Republican !
She wasn’t in charge. What would you want her to do ??
Btw there was a bi partisan bill created on the border. Guess who reared his ugly head and said don’t sign it. When I become president I’ll do it and take the credit … so here we are. A very divided country because Trump won’t play nice in the sandbox. All the toys are his. Dictator faciest raciest pig
Excuse Me, B….
She WAS in Charge!
She Had ONE JOB!
Harris IS The Border Czar.
She was Supposed to go to The Border & Control the Illegal immigration.
BTW,
She Could Stop it Now!
WHY DOESN’T She???
She’s Still in Charge.
Instead She’s made a Mockery of IT & Us All. .
She’s Never been To Eagle Pass TX. Or Arizona, or anywhere thousands are Crossing illegally.
Oh & Shes “NEVER BEEN TO EUROPE either!”
President Trump Had Everything Under Control on the Border,
Biden/Harris Ruined It !
DO NOT BLAME PRESIDENT TRUMP!
This is on the DEMOCRATS.
& Yes they are Building Communities & Homes for Illegals here in Texas Already.
I’m for Immigrants Coming here LEGALLY, & following our Laws.
That’s What President Trump wants. Biden/HARRIS want Us to just sit back & accept whatever they Do, including Breaking our Laws.
I Hope you Are Happy Paying more Taxes To Support all the Illegals in our Country.
President Trump is Trying to Save Our Country.
They have Tried to Destroy Him in every way Possible & he’s Still Standing. He’s Even Taken a Bullet for Us!
Please Do your Research before Commenting.
Have a Good Day!
#Trump/Walz2024
Well said!!
She is going to build homes. She who has never been in the private sector or built anything. Is she taking bids from builders?…Whoever donates the most to me gets the crony capitalism job? And the vig off the top goes to her offshore account like the “Big Guy”? How about get out of the way, cut regulations and let the market work. Heaven help us.
There is a reason the party has kept her quiet and out of the limelight the last four years — fearful of
what she would say and how she would say it
That’s what Trudeau pledged and he built 10!
What a joke! She would promise anything to anybody to get elected. Don’t believe a word she says.
And your boy Trump ????same only he’s a proven liar and felon
B
Please You are Making a fool of yourself….
Stop drinking the kool-Aid.!!!
I’m done! lol
So glad the soil surrounding my neighborhood is built out. If I’m not mistaken this announcement comes once again on the heels of Trump announcing plans for housing today.
Exactly – for all the Muslins they have let come into our country and live off the government because they think we owe them something. Most people are not aware that they think they are superior and live off of us because we are below them and need to work for them and take from us.
This is so very important. Thank you Kamala for your vision to build all of the new homes once you come to the White House. I support you, and am thrilled that you will be soon be our new President of the United States . OUr country does need new housing of all types. The smaller the better. If they are condominiums ,be sure they are safe and built to standards.
I’m hoping you meant that post to be pure sarcasm,
If not, I have a bridge (in Brooklyn) I’d like you to buy.
While in office in California, the worst housing shortage and highest prices in the nation, Harris did nothing. Gov. Newsom also promised lofty housing goals… nada to that too.
Congress needs to prohibit large investment companies from owning single-family homes and require Black Rock, Vanguard, etc. to sell off all the homes they own, 20% per year over the next five years. That will provide the inventory we need, over 12 million more homes in the market without building anything.
3 million houses?! What a joke?
Where does she plan on building these affordable homes?
Where is she getting this money?
Remember the debates of 2020? Joe Biden had found out about “redlining.” Only 45 years, at least, since it was officially nicknamed. He would solve the problem by “giving $15,000” to buy homes (Hillary had promised $10K) Course, it was as a tax break to people who make so little money they don’t pay taxes. And! He would tell appraisers to appraise low income houses for more so banks would want to make loans. Brilliant! The gasps of appraisers & brokers could be heard round the country. So sure – lets hear the details for what they’ve come up with now.
It appears much ignorance is alive and well in the Realtor community based on the comments above, What a shame that your views are so negative and so twisted. Michelle Bachelot of Chile built 400,000 homes during her first term in office. That meant that 2 million people who lived in shanty towns, poor housing were helped into permanent, long term stability. What Harris proposes can be done!!!!!, if you let her use the influence of the government and with private sector initiatives to succeed. Plus it is more business for Realtors. What is wrong with your thinking process. Stop listening to lies and ignorance and get some facts and then use your brain to think.
Hey Kamala why not do it now? Why not implement all your so called campaign promises now? You are VP, acting on behalf of sleepy joe, you are at the WH now – go for it! Oh I get it, easier to spew empty promises bcuz there’s not a snowball’s chance in hot hell you will become POTUS & you know that, you big liar! Anyone falling for her crap, any of the dem’s leftist BS likely fell for covid19 hoax, got “vaccinated” and believes in Climate Change so much they’ll pay big brother $$ just to breathe!
Any one with economic sense knows this is a ridiculous idea. More Inflation, More National Debt and More Taxes. I do not want to contribute to someone else’s home down payment for the rest of my life, Just like I don’t want to pay for their formal education.
I am against large investment concerns buying entire phases of home developments, and eating up available homes for young families. It works against the American Dream of Home Ownership.
Kamala started her political career in San Francisco . California leads the nation in Homeless. San Francisco has some of the most expensive housing in nation STUPID to expect the people causing the WORST housing problems can fix it
We wouldn’t need 3 million more houses if we didn’t have 12 million more people in the country in the past decade. No one will say it in the media. Why do you think prices are so ridiculously high? It’s called supply and demand.