2024 presidential campaign press release: on Welfare & Poverty

Kamala Harris: $185 million to remove barriers to affordable housing

So, today, we are investing $85 million, with another $100 million later, to help more than 20 cities remove these barriers. One such barrier is that it can be difficult for affordable housing developers to be able to afford to buy and develop land. To address this, in Milwaukee, our investment will help the city provides subsidies to builders to help them develop vacant lots and abandoned buildings into affordable housing.

Another barrier that often limits building is insufficient infrastructure. For example, in Denver, there are plots of land available but not yet connected to the electric grid. Through this investment, we will help Denver offer loans to developers to build the power lines and water mains that are necessary for new housing.

Kamala Harris: $5.5B in grants for homeownership and renter protections

The Vice President announced a crucial infusion of funds to address the country's critical housing needs: $5.5 billion in grants to 1,200 communities through more than 2,400 grants. These grants build on ongoing efforts by the Administration, the White House Housing Supply Action Plan and the Blueprint for a Renters Bill of Rights, boost housing supply, lower housing costs, expand rental assistance, enhance renter protections, and invest in stronger, more resilient communities.

"Homeownership is an essential part of the American Dream that represents so much more than a roof over our heads. For people all across our nation, a home represents financial security, the opportunity to build wealth and equity," said Vice President Harris.