The Rent Relief Act would provide a refundable tax credit for renters who pay more than 30% of their income on rent.
"Democratic presidential candidate Kamala Harris is reviving her proposal to provide new tax credits to help families with high housing costs," reports Niels Lesniewski.
"The California senator on Tuesday will reintroduce the Rent Relief Act, which would establish refundable tax credits in cases when rent and utilities exceed 30 percent of a household’s income," adds Lesniewski.
Senator Harris first proposed the idea last year, with co-sponsors that include fellow presidential hopeful Senator Kristen Gillibrand (D-New York).
Kriston Capps wrote in March 2019 to explain the concept of a tax credit for rental housing assistance.
Planetizen is not endorsing Harris's candidacy for president, but continuing an ongoing effort to highlight the position of housing policy in the upcoming presidential election. Previous posts have focused on the campaign platforms of Senators Elizabeth Warren (D-Massachusetts) and Corey Booker (D-New Jersey).
- Elizabeth Warren Makes Housing a Cornerstone of Presidential Bid
- How the Next President Might Take on the Housing Crisis
- Democratic Presidential Contenders May Elevate Housing Policy
- Debating a Renters' Tax Credit at the Federal Level
Planetizen has been closely monitoring federal housing policy under the Trump administration, mostly organized under the U.S. Department of Housing and Urban Development tag.
FULL STORY: Kamala Harris revives tax credit push to help people pay for housing costs
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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research