No. of Recommendations: 1
First, it's a four-year plan. Second, it would require construction of 3+ million new housing units -- a dramatic expansion of inventory. Third, it would be accomplished through an expansion of LIHTC and NHTC. Fourth, there are specific eligibility requirements. And fifth, a Harris-Walz administration cannot accomplish this without bipartisan conversations in Congress next year about ways to encourage, subsidize or directly finance more housing. - co
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Interesting word there, "require". That aside, there apparently is nothing in the plan to reduce construction costs in the first place.
"The Low-Income Housing Tax Credit provides a tax incentive to construct or rehabilitate affordable rental housing for low-income households."
Constructing more rental units is simply that but the proposal is promoted as providing the opportunity to own your own home.
