Harris’ 4-Year Housing Plan to Fight Wall Street Landlords

In recent months, progressives and tenant organizers have made housing a focal point of the 2024 campaign. Democratic presidential nominee Kamala Harris is unveiling a four-year housing plan aimed at constructing 3 million new units, offering significant down-payment assistance to first-time homebuyers, and eliminating tax incentives for corporate investors buying single-family homes. Harris’ comprehensive economic agenda, to be presented in North Carolina, includes measures to address the escalating housing crisis.

Harris advocates for legislation to curb algorithmic price-setting by major landlords and prevent corporate investors from exploiting tax breaks. A report by the Government Accountability Office reveals that institutional investors control a significant portion of the rental housing market. Harris also proposes providing up to $25,000 in down-payment assistance to working families buying their first home.

Progressives and housing justice advocates welcome Harris’ plan, which underscores the impact of organized renter movements on political priorities. As housing costs continue to dominate the Consumer Price Index, strategies to enhance tenant protections and affordability may sway elections. Harris’ initiative reflects a drive towards proactive housing policy that resonates with renters and homeowners alike.