Vice President Kamala Harris's housing plan aims to significantly boost the U.S. housing supply, addressing the affordability crisis by creating up to 3 million homes.
Experts Jim Parrott and Mark Zandi highlight how the Harris plan could represent the most aggressive housing supply initiative since post-World War II, emphasizing its comprehensive approach.
The plan proposes tax breaks for developers and builders, aimed at increasing the inventory of affordable housing through additional construction and renovations.
Political and economic factors, including infrastructure funding and local acceptance, are critical to overcoming challenges and ensuring the success of the housing initiative.
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