Jim Parrott emphasized that Vice President Kamala Harris' housing plan focuses on supply-side initiatives, notably the expansion of the Low Income Housing Tax Credit, making it a practical approach.
A key aspect of Kamala Harris' housing proposal includes $25,000 in direct assistance for first-time homebuyers, which will be implemented only after supply-side measures take effect.
Parrott noted that the success of Harris' housing plan heavily relies on Congress' composition post-elections, indicating a potential openness from Republicans toward supply-side initiatives.
Parrott mentioned that because Harris' proposal largely revolves around supply-side reforms and tax initiatives rather than solely granting funds, it may attract bipartisan support among stakeholders.
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