ABC News, August 15, 2024, Harris To Propose Up To $25K In Down-Payment Support For 1st-Time Homebuyers
Prior to Harris’ speech on Friday, an official also released more details on the housing component of Vice President Harris’ lower costs plan to “help end the housing supply shortage” that includes calling for the construction of 3 million new housing units and stopping Wall Street investors from buying homes in bulk.
Officials said she will propose a new $40 billion innovation fund — doubling that of the $20 billion Biden-Harris proposed innovation fund — that will be used for local governments to fund local solutions to build housing and support “innovative” methods of construction financing. It will also allow for certain federal lands to be eligible to be repurposed for new housing developments.
Is it true that you do not qualify for this down payment money if your parents or siblings have ever owned a house?