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.
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.Read More