Biden Unveils $640 Billion Housing Plan Before South Carolina Vote
Democratic presidential candidate Joe Biden on Monday unveiled a $640 billion housing plan that includes tax credits for first-time homebuyers and low-income renters, as well as more federal assistance for the countrys poorest renters.
The former vice presidents team sees his proposals as especially important in aiding African Americans and Latinos, two advisers said on the condition of anonymity. The plan was released less than a week before the Feb. 29 South Carolina primary, where more than half of Democratic voters are black, but also before Super Tuesday on March 3, when California -- which is facing a dramatic housing and homelessness crisis -- casts its primary votes.
The housing plan would restore several Obama administration policies to fight housing discrimination that were rolled back by President Donald Trump. These include holding major national financial institutions accountable for discriminatory lending practices and restoring the Consumer Financial Protection Bureaus ability to enforce settlements against lenders found to have engaged in discriminatory practices.
Biden, who has enjoyed strong backing from black voters, is counting on a victory in South Carolina to keep him competitive in the Democratic nomination race after lackluster performances in Iowa, New Hampshire and Nevada. Bidens longtime lead in the Palmetto State has eroded as Bernie Sanders has gained in recent weeks.
https://www.bloomberg.com/news/articles/2020-02-24/biden-sets-640-billion-housing-plan-before-south-carolina-vote?srnd=premium