2020 Election Tag Archives

Democratic Presidential Debate Features Affordable Housing

At the most recent Democratic presidential debate in Georgia on November 20 several candidates addressed the lack of affordable housing. Kristen Welker, NBC News White House correspondent, directed this question to Tom Steyer “Millions of working Americans are finding that housing has become unaffordable, especially in metropolitan areas. It is particularly acute in your home state of California in places like Los Angeles and San Francisco. Why are you the best person to fix this problem?” Steyer called for the sustainable development of millions of units.

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Mayor Buttigeg Releases Housing Plan

Democratic presidential hopeful Mayor Pete Buttigieg (South Bend, IN) released An Economic Agenda for American Families which includes spending $430 billion on affordable housing measures. “He will enable more than 2 million more units of affordable housing to be built or restored where it is needed most, using billions of dollars of investments in the Housing Trust Fund, Capital Magnet Fund, HOME and CDBG funds, and the Low Income Housing Tax Credit.”

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Rep. Beto O’Rourke Releases Presidential Housing Plan

Former Representative Beto O’Rourke (D-TX) released his presidential housing plan, which calls for creating 3 million new homes through the National Housing Trust Fund; creating 3 million new homes through a $60 billion investment in the Capital Magnet Fund and investing $50 billion to rehab public housing; fully fund Housing Choice Vouchers. If elected president, he would also offer checking and savings accounts through the U.S. Postal Service; create Kickstart Savings Accounts, a two to one matched savings program on up to $1,000 per year per adult to help Americans save for a down payment or other asset building activity; establish a public credit reporting agency to make access to credit fairer and more equitable.

Sen. Michael Bennet Releases Presidential Housing Plan

2020 Democratic Presidential hopeful, Senator Michael Bennet (CO) released a plan to Tackle America’s Housing Affordability Crisis. The three tenants of his plan are Build More Affordable Housing Near Good Jobs, Help Middle-Class and Working Families Afford A Home and Reform Federal Housing Tax Incentives. Sen. Bennet calls for expanding the LIHTC by 50 percent, adjusting the minimum credit rate, increasing incentives to target vulnerable communities, preventing NIMBYism from blocking affordable housing, and increasing housing in areas near good jobs, good schools and transit. In addition, the plan calls for expanded funding options for multifamily housing through Private Activity Bonds. This is notably the first presidential candidate housing plan that calls for many of the items in the Affordable Housing Credit Improvement Act (H.R. 3077/S. 1703).

If elected, Bennet would also increase funding for the National Housing Trust Fund and the Capital Magnet Fund, fully fund Opportunity Vouchers, provide down payment assistance through a tax credit, and reform federal housing tax incentives.

Senator Sanders Releases Housing for All Plan

Democratic presidential hopeful Senator Bernie Sanders (VT) released his expansive Housing for All plan, which is guided by the belief that every American must have a safe, decent, accessible and affordable home as a fundamental right. The plan proposed to build 7.4 million affordable units that will remain affordable in perpetuity through a ten-year, $1.48 trillion investment in the National Housing Trust Fund.

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3 More Presidential Candidates Release Housing Plans

Three more 2020 Democratic presidential candidates, Governor Jay Inslee, Former Governor John Hickenlooper and Senator Bernie Sanders, have released housing plans. The three new candidates join the ranks of former Vice President Joe Biden, Sen. Cory Booker (D-NJ), Mayor Pete Buttigieg, former HUD Secretary Julián Castro, Sen. Kamala Harris (D-CA), Senator Amy Klobuchar (D-MN) and Sen. Elizabeth Warren (D-MA) who have already released housing plans.

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Three More 2020 Presidential Contenders Release Housing Plans

Three more 2020 Democratic presidential candidates, former Vice President Joe Biden, Mayor Pete Buttigieg and Senator Amy Klobuchar (D-MN), have released housing plans. The three new candidates with housing plans join the ranks of Sen. Cory Booker (D-NJ), former HUD Secretary Julian Castro (D-TX), Sen. Elizabeth Warren (D-MA) and Sen. Kamala Harris (D-CA), who have already released housing plans.

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