It?s sweeping in scope, but scant on details Senator Amy Klobuchar of Minnesota became the fifth Democratic candidate for president to release a concrete housing plan on Thursday. It addresses a wide range of issues related to the affordable housing crisis, including housing discrimination, federal housing subsidies, local zoning laws, and homeownership.
But while sweeping in scope, it?s scant on details. The plan mentions but doesn?t give specific dollar amounts for additional investments in existing federal programs, including Low Income Housing Tax Credits (LIHTC), housing vouchers, rural housing assistance grants, aid to people with disabilities and people with AIDS, homeless assistant grants, and down payment assistance for homeowners. Klobuchar says she?ll pay for these programs by raising the capital gains tax rate to the income tax rate for households making more than $400,000, and by raising the corporate tax rate to 25 percent.
?This latest housing proposal from Senator Klobuchar is another example of presidential candidates and members of Congress increasingly willing not just to work around the edges of the housing crisis, but instead to introduce and advance bold, ambitious solutions to tackle it head-on,? the National Low Income Housing Coalition said in a statement. ?The size and scope of these housing proposals are unlike anything we have seen in generations.?
Perhaps the biggest proposal in Klobuchar?s plan is to expand the Housing Choice Voucher Progr...