Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
667,466-14,684
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.91%0.02
Housing MarketRegulatory

At DNC, mayors discuss the need for affordable housing

As the party lines up behind a new presidential candidate, mayors of major cities are reiterating a need for more housing

As the Democratic Party prepares to nominate a new candidate for the highest office in the land later this week, mayors of major cities in attendance at the Democratic National Convention (DNC) in Chicago are telling delegates, officials and other attendees that housing — particularly affordable housing — remains a pressing need.

Speaking with Marketplace.org about housing issues in their localities, Democratic mayors are urging recognition of an ongoing affordable housing crunch that they hope the party — and voters — will pay more attention to in the months ahead.

“At the top of that list is housing,” Mayor Andrew Ginther of Columbus, Ohio, said during a news conference at the event. “It is the leading issue that American mayors cite when talking about the big challenges facing their cities. The next administration and Congress must pass the largest and most comprehensive investment legislation in housing in American history.”

Economic indicators appear generally positive, but there is a disconnect between those metrics and the moods of everyday Americans who face the bite of higher costs.

Deficits have also grown larger. As the convention began, Vice President Kamala Harris unveiled her campaign’s plans to pay for new investments by increasing the corporate income tax rate from 21% to 28%, partially undoing the 2017 Tax Cuts and Jobs Act (TCJA) signed into law by then-President Donald Trump.

Chicago Mayor Brandon Johnson described a need to shift the financial burden away from working-class people who are feeling pinched by costs. In terms of appealing to voters, Johnson told Marketplace.org that a recent Harris proposal for a $25,000 first-time homebuyer tax credit should resonate.

“There’s too much of a burden on working people in this country,” Johnson said. “The good news is the message already exists. Now, we have the messenger. And the people of America will make the right decision, and they will elect.”

Harris is set to formally accept the Democratic nomination for the presidency on Thursday. This follows last week’s unveiling of some of her housing policy proposals.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

Latest Articles

Safeguarding sensitive data: Essential practices for businesses 

In today’s interconnected digital landscape, information sharing is a fundamental aspect of business operations. However, the exchange of data comes with inherent cybersecurity risks, making it vital for organizations to adopt robust measures to protect sensitive information. This installment of the “Reducing Risk” series focuses on how careful review and encryption of sensitive data before sharing with external parties can mitigate cyber threats, safeguard your business, and strengthen trust with clients. Let’s explore this essential topic in depth.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please