Kaine: Clinton administration would invest ‘tens of billions’ in fair housing

by Ryan Smith15 Aug 2016
If elected, Hillary Clinton will make housing inequality a priority in her administration, according to her vice presidential nominee.

In an editorial for CNN, Sen. Tim Kaine (D-Va.) said that despite laws like the Fair Housing Act, housing inequality remains a problem.

“While the drivers of this problem have varied over time, from overt redlining to uneven access to the mortgage market and skyrocketing rents, the basic problem remains: it's too hard for families of color to find a decent, affordable place to live – a place with good jobs and quality schools,” Kaine wrote.

Kaine said that a Clinton administration would “invest tens of billions of dollars to attack the problem from several angles.”

Kaine said Clinton’s plan included expanding low-income housing tax credits, increasing rental assistance to low-income families and providing “more resources to public housing authorities.” Kaine also said that Clinton would “bolster resources” to enforce fair housing laws already on the books.

Kaine said the administration would “support initiatives” to provide up to $10,000 in down-payment assistance for first-time homebuyers.


  • by Joe Wehage / Foundation Mortgage | 8/15/2016 11:20:47 AM

    More attempts to "buy" votes from a segment of the population. Is this more of the same issue that caused the housing bubble of 2008? Good credit and a decent income is what is needed to buy a home. Candidates should FOCUS on JOBS and most of the other issues will resolve themselves. The government should otherwise "Get out of the way!".

  • by | 8/15/2016 11:53:00 AM

    Down Payment Assistance for first time homebuyers will allow many hard working families to get into homeownership. Why is getting more families into homes alarming to the Real Estate Industry? Also I don't understand the author's connection between Kaine's plan to fight inequality in housing to billions ? for Down Payment assistance -- Realistically It's doubtful Congress would ever make that kind of appropriation despite what the Vice President would like to happen.

  • by RK in TX | 8/15/2016 12:12:07 PM

    Politicians never learn from the history of the past. There is a difference between creating affordable housing opportunities and outright giving people money for down payments who cant afford a home and the cost to maintain that home. the results were clear in 2008-2009 when the housing bubble burst.
    What is happening here is clear. Clinton will say anything to get elected even if it will never happen. I'm not shocked to see that Clinton has now stolen Trumps rhetoric on levying a exit tax on companies who will leave the US. Where does all this madness end ??? When can we get candidates who wont lie and cheat their constituents at every turn.


Is TILA-RESPA a good or bad thing long term?