Democratic VP Nominee Tim Kaine Calls for LIHTC Expansion

In an opinion piece recently published on CNN.com, the Democratic nominee for vice president, U.S. Senator Tim Kaine, called for expanding the low income housing tax credit as part of a plan to “make housing fair in America.” According to Senator Kaine, the Democratic nominees’ plan will invest tens of billions of dollars to combat the housing problem from several different angles. He states:

• “We’ll expand the supply of Low Income Housing Tax Credits that help keep rising rents in check;
• We’ll increase rental assistance for low-income families, and help families who receive support choose from a wide range of neighborhoods to live in;
• We’ll provide more resources to public housing authorities, and pair these investments with broader economic development efforts;
• We’ll support initiatives to provide up to $10,000 in assistance on a down payment for families looking to buy their first home;
• And of course, we’ll bolster resources to enforce Fair Housing laws and fight housing discrimination in all its forms.”