Harris aims to combat the housing crisis with a four-year plan to create 3 million housing units, assist first-time buyers, and limit corporate investor incentives.
The proposal would challenge corporate landlords by capping rent increases and stopping tax breaks for those owning excessive single-family homes, addressing a significant market control issue.
By offering substantial down-payment assistance, up to $25,000, to families who've consistently paid rent, Harris' plan seeks to enable homeownership and strengthen connected communities.
Harris plans to tackle the issue of institutional investors dominating the housing sector, an alarming trend highlighted by a GAO report on single-family home ownership.
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