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Booker’s Affordable Housing Plan: Tax Credit, Zoning Changes


Democratic presidential candidate Cory Booker has released a housing proposal that includes a tax credit designed to help make rentals more affordable plus zoning changes and new funding aimed at boosting construction of units for low-income renters.

The New Jersey senator’s plan was released Wednesday and builds on legislation he introduced last year in the Senate that would establish a new refundable renters’ credit. That benefit would kick in to help limit lower- and moderate-income renters’ housing bills to no more than 30 percent of their income.

Booker’s housing plan also includes new spending to help lower-income renters obtain legal representation in eviction proceedings.

Booker launched his 2020 campaign in February. He says housing is “very personal” to him, citing his family’s battle with racial bias during a move to New Jersey during his childhood.

(AP)



2 Responses

  1. eviction proceedings they need help.
    How about instead low income people should be taught how to budget their money first. I have been involved in evictions and what you see is their rent is the last thing to pay. More important, weed, 50″ televisions, booze, vacation,
    cloths, cars etc. Any body getting low income housing needs to attend budgeting classes an be follow up

  2. Agree with Yitzchoky – Schools today are a joke. Most life skills are not even remotely touched upon in school.

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