Kamala Harris to Propose $25K Down Payment, $10K Tax Credit for First-Time Homebuyers

Aug 15, 2024, 10:44 PM

Vice President Kamala Harris is set to announce a housing proposal in North Carolina that includes providing up to $25,000 in down payment assistance for first-time homebuyers. The proposal also aims to offer more generous support for first-generation homeowners and includes measures to ban corporate price-gouging on groceries. Additionally, the plan seeks to lower rent costs and prevent Wall Street investors from purchasing and reselling homes in bulk at higher prices. The initiative is part of the Biden-Harris administration's broader economic policy efforts, and includes a $10,000 tax credit for first-time homebuyers.