New economic policy proposed by Vice President Kamala Harris favors first-generation homebuyers over people whose parents owned a home, critics are warning.
“If your parents have owned a home at anytime, you do not qualify for this program,” said a caller Friday on Harrison Smith’s American Journal. Watch:
ABC revealed a Harris campaign statement on the matter. (Emphasis ours)
“Many Americans work hard at their jobs, save, and pay their rent on time month after month. But they can’t save enough after paying their rent and other bills to save for a down payment — denying them a shot at owning a home and building wealth. As the Harris-Walz plan starts to expand the supply of entry-level homes, they will, during their first term, provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners.
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 tax credit for first-time home buyers. This plan will significantly simplify and expand the reach of down-payment assistance, allowing over 1 million first time-buyers per year – including first-generation home buyers – to get the funds they need to buy a house when they are ready to buy it.”
Critics online are raising alarm over proposed economic policy.
Can we start a dialogue about how Kamala’s policy of 1st time homebuyer $25k / 1st “Generation” homebuyers $25k
(not competetive) will replace voters with once illegal aliens. & the replacement of moderate & conservative democrat members w/ socialist/marxist leftists? #replaced
— nerdnfter.sol (@NerdnfterSol) August 16, 2024
