The Harris plan would create tax breaks for homebuilders focused on first-time buyers and expand existing incentives for companies that construct rental housing. Because local zoning often restricts the supply of homes, she would also double the available funding to $40 billion to encourage local governments to remove the regulations that prevent additional construction.
Many blame the housing crisis on the escalating interest rates that Americans have been facing since the Biden-Harris administration came to office.
Economists supportive of Donald Trump's agenda have suggested that Trump would get federal spending under control if he was president again and that would lower interest rates.
Still, Trump's main play has been to claim that Harris can't pay for her housing agenda.
“She has no clue how'd she paid for $25,000 to every first-time homebuyer, including illegals,” said Trump at an August 19 rally in York, Pennsylvania.
