Posted 3/7/2024, 5:15:00 PM
Biden Unveils $20 Billion Affordable Housing Plan with Tax Credits and Closing Cost Cuts to Boost Homeownership
- Plan to build and preserve over 2 million new homes to lower rents and costs of buying a home
- $10,000 tax credit for first-time homebuyers and people selling starter homes
- Lower closing costs for refinancing and home buying
- $20 billion fund to support building more affordable housing
- Crack down on rental corporations illegally inflating rents and adding junk fees