{"id":2325323,"date":"2024-08-15T19:22:02","date_gmt":"2024-08-15T23:22:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-to-propose-construction-of-3-million-new-homes-as-part-of-economic-agenda-washington-examiner\/"},"modified":"2024-08-15T19:24:16","modified_gmt":"2024-08-15T23:24:16","slug":"harris-to-propose-construction-of-3-million-new-homes-as-part-of-economic-agenda-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-to-propose-construction-of-3-million-new-homes-as-part-of-economic-agenda-washington-examiner\/","title":{"rendered":"Harris to propose construction of 3 million new homes as part of economic agenda &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fharris-to-propose-construction-of-3-million-new-homes-as-part-of-economic-agenda-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2325323&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Vice President Kamala Harris is set to launch her economic agenda, which\u2064 includes a proposal for\u200d the construction of 3 million new homes \u2063during her first term. This initiative aims to\u200b address the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/run-from-the-hills-newsom-dismisses-californias-mass-business-exodus\/\" title=\"Run (From) The Hills: Newsom Dismisses California\u2019s Mass Business Exodus\">ongoing housing shortage<\/a> \u2062in the United States, \u200bwhich has seen a significant undersupply of homes over the decades.\u200c Harris&#8217;s plan builds on President Joe Biden&#8217;s previous objective of constructing 2\u2062 million new homes. <\/p>\n<p>In her proposal, Harris will introduce a new tax incentive to encourage builders to create housing specifically for first-time homebuyers. Additionally, she will propose a $40 billion fund to assist local\u2063 governments in tackling housing shortages, which is a significant increase from Biden&#8217;s $20 billion suggestion. <\/p>\n<p>During Biden\u2019s recent State\u200c of the Union address, he proposed tax credits for\u2064 first-time homebuyers, including a $5,000 credit for middle-class families and a $10,000 credit for those selling starter homes. However, some critics believe these measures could inadvertently raise demand and drive home prices up. \u2062Harris&#8217;s initiative \u200dalso includes proposals for families who have consistently paid their rent on time to facilitate their path to homeownership.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Harris to propose construction of 3 million new homes as part of economic agenda<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1727401\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Vice President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kamala-harris\/\" target=\"_blank\" rel=\"noopener\" title>Kamala Harris&rsquo;s<\/a> housing plan involves pushing for the construction of millions of new homes while incentivizing the construction of homes for first-time buyers.<\/p>\n<p>Harris is set to unveil her economic and affordability plan Friday, but the details of what her <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-releases-his-10-point-declaration-of-economic-independence-policy-platform\/\" title=\"DeSantis unveils 10-point plan for economic independence.\">economic policy agenda<\/a> might look like are beginning to emerge. As part of the plan, she will <a href=\"https:\/\/www.wsj.com\/politics\/elections\/kamala-harris-policy-agenda-election-2024-9e057b83\" target=\"_blank\" rel=\"noopener\" title>call for<\/a> the construction of 3 million new <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/housing\/\" target=\"_blank\" rel=\"noopener\" title>housing<\/a> units over the course of her first term in office, according to Harris campaign officials.<\/p>\n<p>The push for more housing comes amid a bruising housing shortage in the United States that has featured <a href=\"https:\/\/www.washingtonexaminer.com\/news\/2605246\/home-economics-is-the-us-missing-2-million-houses-or-20-million\/\" target=\"_blank\" rel=\"noopener\" title>decades of undersupply<\/a>. Harris&rsquo;s plan appears to build off President Joe Biden&rsquo;s previous call for the construction of 2 million new homes.<\/p>\n<p>Harris will also unveil a new tax incentive for builders that will reward them for building homes for first-time homebuyers, although there are little details about that plan as of Thursday evening.<\/p>\n<p>Harris will also pitch a $40 billion fund to help local governments find solutions to housing undersupply. Biden had proposed a $20 billion fund to do the same thing.<\/p>\n<p>During this year&rsquo;s State of the Union address, Biden proposed providing a $5,000 tax credit for middle-class first-time homebuyers for two years, which he described as a form of mortgage relief. He also pitched a $10,000 credit for those who sell their starter homes.<\/p>\n<p>But critics of that plan contend that doing so would backfire by increasing demand and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-oil-soars-to-8-year-high-pumping-gas-prices-toward-recent-highs\/\" title=\"Bidenflation: Oil Soars to 8-Year High, Pumping Gas Prices Toward Recent Highs\">putting upward pressure<\/a> on home prices.<\/p>\n<p>Harris is now proposing that families who have paid their rent on time for two years and are first-time homebuyers receive up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners.<\/p>\n<p>Biden has <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3084016\/biden-call-corporate-landlords-cap-rent-increases\/\" target=\"_blank\" rel=\"noopener\" title>also pushed for<\/a> Congress to make it so corporate landlords have to cap rent increases on existing units at 5% or lose prized tax breaks, something that Republicans in Congress would certainly not support.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><\/strong><\/a><\/p>\n<p>That proposal would apply only to corporate landlords with over 50 units in their portfolios and would cover more than 50 million units across the country, according to the White House.<\/p>\n<p>Also on Thursday, Harris unveiled a plan to target food inflation at the grocery store. As part of it, Harris would try to enact the &ldquo;first-ever federal ban on corporate price-gouging,&rdquo; something that critics argue would not work and <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3122999\/harris-campaign-grocery-price-control-proposal-could-cause-shortages\/\" target=\"_blank\" rel=\"noopener\" title>could lead to food shortages<\/a>.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1727401\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1727401\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Kamala Harris is set to announce a housing initiative aimed at building 3 million new homes during her first term, as part of her broader economic agenda. This plan includes incentives for constructing homes specifically for first-time buyers and comes in response to a significant housing shortage in the U.S., which has persisted for decades. Harris&#8217;s proposal builds on President Joe Biden&#8217;s earlier call for 2 million new homes. Additionally, she plans to introduce a tax incentive for builders who focus on creating affordable housing options for first-time buyers, although specifics are still limited. <\/p>\n<p>Harris will also propose a $40 billion fund to assist local governments in addressing the housing supply issue, doubling Biden&#8217;s previous suggestion of $20 billion. In his State of the Union address this year, Biden proposed offering middle-class first-time homebuyers a $5,000 tax credit over two years as mortgage relief and suggested a $10,000 credit for those selling starter homes; however, critics argue these measures could inadvertently raise demand and drive up prices.<\/p>\n<p>Furthermore, Harris aims to provide up to $25,000 in down-payment assistance for families who have consistently paid their rent on time over two years and offers additional support for first-generation homeowners. She also supports legislation that would require corporate landlords with more than 50 units to limit rent increases to 5% or risk losing tax benefits\u2014a proposal likely opposed by Congressional Republicans.<\/p>\n<p>On another front, Harris recently introduced an initiative targeting food inflation at grocery stores by proposing the &#8220;first-ever federal ban on corporate price-gouging,&#8221; though some critics believe this could lead to food shortages instead of alleviating costs<\/p>\n","protected":false},"author":3360,"featured_media":2325324,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/harris-housing-plan.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5919,35559,4021,4344,38272],"class_list":["post-2325323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-construction","tag-economic-agenda","tag-harris","tag-housing","tag-new-homes"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/harris-housing-plan.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2325323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2325323"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2325323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2325324"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2325323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2325323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2325323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}