Is Kamala Harris proposing a $0.02 million5,000 subsidy for new homeowners

According to multiple media reports, Vice President Kamala Harris is proposing to pay up to 0.02 million5,000 dollars to homebuyers as part of economic policy.

Bloomberg quoted reports from the Harris faction and reported that first-time home buyers of 1 million or more, who have a track record of paying rent in a timely manner for 2 years, may qualify for down payment assistance.

This is a major expansion of the program announced by President Joe Biden in his State of the Union address, which proposed providing a $0.01 million tax credit to first-time home buyers.

According to what the Wall Street Journal first reported, the Harris candidate aims to promote new 3M housing development by introducing construction tax incentives in addition to down payment support, and plans to double the Biden candidate's proposals and contribute 40 billion dollars as a fund to support local governments to build or preserve affordable housing.

As for the housing plan of the Harris faction, it became clear in the July inflation report that housing prices rose 0.4% from the previous month, highlighting that the impact of housing costs continues as an important factor promoting inflation.

US Federal Reserve (Fed) Chairman Powell pointed out in June that it would take several years for the effects of rising rents during the pandemic era to disappear from the inflation rate.