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.
 

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