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Harris' down payment assistance plan for first-time homebuyers

Summary

Kamala Harris’ down payment assistance plan aims to provide first-time homebuyers with up to $25,000 to help with their home purchases. The initiative is designed to support working families who have consistently paid their rent on time for two years, promoting accessibility to homeownership amid rising housing costs.

The proposal has sparked discussion and some misinformation regarding its eligibility criteria. Contrary to claims circulating on social media, Harris’ campaign has clarified that the assistance is not limited to individuals whose family members have never owned a home. The plan is part of a broader strategy to address the housing crisis in the U.S., which includes a commitment to building 3 million new affordable housing units during her potential presidency. Harris’ approach builds upon similar initiatives proposed by the Biden administration, targeting first-generation homebuyers who have not previously benefited from homeownership.

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