Kamala Harris Proposes $25,000 Down Payment Assistance For First-Time Buyers
✉️ Want to forward this article? Click here.
Vice President Kamala Harris is announcing two big housing initiatives today.
At a campaign speech in North Carolina, Harris will unveil an aggressive economic agenda that included a bold housing production goal and generous assistance to first-time homebuyers.
story continues below
loading...story continues above
Harris is proposing $25,000 in down payment assistance to first-time homebuyers who have a two-year history of paying their rent on time. The vice president also set a goal of producing 3 million new homes in her first four years in office, largely through new tax incentives. The focus on the housing production will be on starter homes and affordable housing.
"As the Harris-Walz plan starts to expand the supply of entry-level homes, they will, during their first term, provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners," a statement obtained by ABC News read.
Both proposals outlined above would require Congressional approval.
Thumbnail photo by Ted Eytan.
See other articles related to: down payment assistance, kamala harris
This article originally published at https://dc.urbanturf.com/articles/blog/kamala_harris_proposes_25000_down_payment_assistance_for_first-time_buyers/22612.
Most Popular... This Week • Last 30 Days • Ever
Add another home to the list of pricey properties hitting the market in McLean.... read »
The new residential project would take the place of largely vacant office buildings a... read »
Back in July, we wondered if the housing market in the DC region was moving in favor ... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
This week’s Best New Listings includes a townhouse on a secluded alley block and a ... read »
- 14,000 Square-Foot McLean Home Listed For $22 Million
- 48 Apartments, Activated Alley Space And An Ode To Duke Pitched For DC's West End
- The DC Area Continues To Move Towards A Buyers Market
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Best New Listings: One Of 10 On U Street; Moved By Horses To Tenleytown
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro