President Biden will propose a set of new housing initiatives in Thursday’s State of the Union address, including tax credits to offset high mortgage rates for first-time home buyers and encourage people to move out of starter homes and put them on the market.
Democracy Dies in Darkness
Biden to propose new $5,000 tax credit for first-time home buyers
The president will also add to earlier pushes to tame rent costs and boost U.S. housing supply
and
March 7, 2024 at 12:00 p.m. EST