Can Harris's 'Opportunity Economy' Transform Housing? VP Unveils Ambitious Plan for 3 Million New Homes
Vice President Kamala Harris recently outlined an economic policy focused on affordable housing as a key element of her "opportunity economy." Her plan includes building 3 million new housing units over four years to reduce the cost of owning and renting homes. Harris proposes a new tax incentive for homebuilders targeting first-time homebuyers to incentivize this construction. Critics argue that it could worsen the housing market by complicating supply-side initiatives. Key challenges include defining "starter homes" and managing construction costs.
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00:00It's Benzinga, and here's what's on the block.
00:02Vice President Kamala Harris recently outlined an economic policy focused on affordable housing
00:07as a key element of her Opportunity Economy.
00:10Her plan includes building three million new housing units over four years to reduce the
00:14cost of owning and renting homes.
00:16Harris proposes a new tax incentive for homebuilders targeting first-time homebuyers to incentivize
00:21this construction.
00:23Critics argue that it could worsen the housing market by complicating supply-side initiatives.
00:28Key challenges include defining starter homes and managing construction costs.
00:31For all things money, visit Benzinga.com.