Tuesday, September 10, 2024

Kamala Harris’ $25K homebuyer grant plan is an ‘equity’ giveaway in disguise

Article Title: Kamala Harris’ $25K homebuyer grant plan is an ‘equity’ giveaway in disguise
Snippet of Article: "...the devil is in the details, and the media are asking no questions.

The biggest question is whether Harris as president would help all first-time homebuyers, regardless of their race — or target the help to achieve racial equity, as her past actions suggest.

Harris has a long track record of promising $25,000 in down-payment help, but her goal was never to help all first-time homebuyers.

Instead she insisted she aimed to close the home ownership gap between black and white families. ...In one, she claimed the $25,000 down-payment help would be offered to “first-time homebuyers” — adding that “first-generation homeowners” will get “more generous support.”

Of course, no president can offer $25,000 to homebuyers.

That’s the responsibility of Congress, which controls the nation’s purse strings.

So it’s not Harris’ campaign website but the Downpayment Toward Equity Act, the legislation backed by Harris-Biden and sponsored in the House by Rep. Maxine Waters (D-Calif.) and in the Senate by Raphael Warnock (D-Ga.) that spells out who is actually eligible."


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Source: nypost.com

[tag] Harris’ $25K homebuyer grant plan ‘equity’ giveaway, [/tag]