'Starter home' tax breaks, aid for first-time buyers: What to know about Harris' affordable housing proposals
Briefly

Dennis Shea emphasized that finding a bipartisan consensus on housing affordability will hinge largely on increasing the supply of homes, marking a critical step towards solving this issue.
Janneke Ratcliffe pointed out that the aftermath of the foreclosure crisis has seen a drastic decline in new home constructions, with a particular lack of affordable housing for both renters and first-time buyers.
The proposed housing initiative by the Harris-Walz administration aims to create a 'first-ever tax incentive' for builders focusing on starter homes for first-time buyers, addressing the pressing demand.
Former President Donald Trump echoed similar sentiments during his campaign by pledging to open federal land for new housing construction to alleviate the ongoing affordable housing crisis.
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