Harris To Unveil Housing Package To Protect Renters

NBC News reports:

Vice President Harris’ campaign on Friday will roll out some of her housing policy proposals, including her support for efforts aimed at lowering the cost of rent and helping renters who are struggling financially, according to details obtained by NBC News from a campaign official.

Harris will propose plans to stop data firms from driving up lease rates and plans aimed at stopping Wall Street investors from buying up and reselling homes in bulk at a higher price, according to the proposal.

As part of the rollout, Harris will call on Congress to pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, a bill introduced by Sens. Ron Wyden, D-Ore., and Peter Welch, D-Vt., that they said would prevent corporate landlords from using private equity-backed price-setting tools to raise rents dramatically in communities across the country.

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EXCLUSIVE: Harris to endorse protections for renters and removal of key tax benefits for Wall St. investors buying homes https://t.co/8xTGUyaiua

— MSNBC (@MSNBC) August 16, 2024

NEW: Harris will propose providing up to $25K in down payment support for 1st time homeowners, with more generous support for 1st generation homeowners, according to campaign official
She’ll announce tomorrow in NC, along w/ her plan to ban corporate price-gouging on groceries

— Selina Wang (@selinawangtv) August 15, 2024