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Joe Biden Unveils $640 Billion Housing Plan Before South Carolina Vote

Joe Biden during a caucus night rally in Las Vegas, Nevada, Feb. 22. 

Joe Biden during a caucus night rally in Las Vegas, Nevada, Feb. 22. 

Photographer: Joe Buglewicz/Bloomberg

Democratic presidential candidate Joe Biden on Monday unveiled a $640 billion housing plan that includes tax credits for first-time homebuyers and low-income renters, as well as more federal assistance for the country’s poorest renters.

The former vice president’s team sees his proposals as especially important in aiding African Americans and Latinos, two advisers said on the condition of anonymity. The plan was released less than a week before the Feb. 29 South Carolina primary, where more than half of Democratic voters are black, but also before Super Tuesday on March 3, when California -- which is facing a dramatic housing and homelessness crisis -- casts its primary votes.