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The Harris-Walz campaign promised to provide families who paid their rent on time for two years and are buying their first home up to $25,000 for a down payment.
"The Biden-Harris administration proposed providing $25,000 in downpayment assistance for 400,000 first-generation home buyers -- or homebuyers whose parents don’t own a home -- and a $10,000 ...
The campaign is proposing that some first-time homebuyers could get up to $25,000 in down-payment assistance. Harris is set to announce her housing proposals when she unveils her economic agenda.
Included a first-time home buyer refundable tax credit for purchases on or after April 9, 2008 and before July 1, 2009 equal to 10 percent of the purchase price of a principal residence, up to $7,500. Phased out the credit for taxpayers with incomes over $75,000 ($150,000 for joint returns).
He is also seeking down payment assistance of up to $25,000 for first-time home buyers and has proposed to eliminate title insurance on federally-backed mortgages.
Kamala Harris wants the US to build 3 million new homes to combat the housing shortage. She also plans to $25,000 down payment support for first-time homebuyers.
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