‘Exorbitant’ Housing Costs Weighing on Democrats Spur Harris’ $25,000 Tax Credit Act
- Surging rents, mortgage rates hit Democrat-leaning groups
- Candidate’s plan targets Gen Zs, Millenials most hurt by costs
US Vice President Kamala Harris
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Kamala Harris’s promise to take action on housing costs addresses a burden depressing enthusiasm for the presidential campaign among core Democratic constituencies such as the young, racial minorities and lower-income voters.
The surge in rents and mortgage interest rates since the pandemic has fueled tremendous financial disparities, driving up costs for renters, would-be buyers and new homebuyers, three groups who disproportionately are among key Democratic-leaning groups Harris needs to excite to win in November.