In the race for the White House, housing seldom gets much attention — but that could be about to change. As California and other states face dramatically rising rents and home prices, three of the top Democratic contenders in 2020 — Sens. Kamala Harris, Cory Booker and Elizabeth Warren — have already introduced major proposals in the Senate that would reshape affordable housing in America. The proposals — which include renter tax credits, ramped up federal funding for housing construction, and controversial moves to reform local zoning — would also cost tens of billions of dollars, the latest examples of 2020 hopefuls embracing ideas from the left. With California’s primary poised to play an unusually important role next year, and the state’s affordability crisis growing too big to ignore, more candidates could be pressured to take a stand on the issue as they hit the campaign trail from Berkeley to Beverly Hills. “We’ve already seen more attention on housing and affordable housing policy in these first few weeks and months than we have in entire presidential campaigns in the past,” said Diane Yentel, president and CEO of the National Low Income Housing Coalition. Yentel called the candidates’ plans more ambitious than… Read full this story
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