Only for immigrant first generation home buyers with no other members of your family owning a house and after you had lived in government backed apartment housing for more than 2 years.
Same way her business loan suggestions were only for specific communities with super strict requirements.
Set it up “help” so restrictive to only “the people who actually need it” so that you don’t have to give out any at all and just sounds good on paper. They don’t want to actually help people, Democrat leaders just needed to keep status quo.
provide working families who have paid their rent on time for two years and are buying their first home up to $25,000 in down-payment assistance, with more generous support for first-generation homeowners – or homebuyers whose parents don’t own a home.
Nothing at all about “immigrants”. Where did you hear that bullshit?
Mostly pro immigrant news sources that were happy about the benefit this would give directly to those communities and the fact that it targets people that have no other family members with a house in the US which those of us with older parents who were born in the US likely have.
The $10,000 credit for only first time homebuyers was a later addition and was not even set as it was more an additional thought tacked on and does nothing for actually giving money for the down payment but only credits you after you bought it.
Specifically, it targets individuals and families who have paid their rent on time for two years and are looking to buy their first home. The proposal offers up to $25,000 in down payment support, with more generous assistance available for first-generation homebuyers, meaning those whose parents do not currently own a home.
Proposed a $10,000 tax credit for first time home buyers.
Yeah, it was a shame it was so restrictive, literally was also set for a limit of 400,000 individuals when first proposed too.
Its a criticism of the garbage solutions that were brought forward for good headlines rather than actual support.
This plan will significantly simplify and expand the reach of down-payment assistance, allowing over 1 million first time-buyers per year – including first-generation home buyers – to get the funds they need to buy a house when they are ready to buy it," the Harris campaign said.
The Biden-Harris administration initially proposed providing $25,000 in downpayment assistance only for 400,000 first-generation home buyers—or homebuyers whose parents don’t own a home—and a $10,000 tax credit for first-time home buyers.
This is from Harris’s campaign announcement. The extension to millions would be the 4 year plan. And was adjusted again after Biden’s original proposal of this was panned for being what I originally sourced. The very last offering she made by the end of the campaign was looser on restrictions.
I was incorrect, in that she removed the tax credit and made wider eligibility though stated that those still meeting the original criteria would get more assistance, though all would be required to meet the 2 year of proven rental payments through an assured rental agency.
Wow, that’s very different from the “must live in government housing” and “only immigrants” that you started with. How many times does your bullshit need to be called out before you tell the truth?
Not government housing. Government assured or recognized rental agencies. For proof of payment. It’s part of the boring bureaucracy parts.
And primarily focusing on first generation homebuyers benefits people who have had no previous generations living in the country which is directly beneficial to 1st or second generational immigrants.
I am adjusting my position as I gain further information but the the proposed plans did not just offer free cash to assist the average American in buying a home. That’s still at the base of my point and still accurate. I am now aware that the plan was proposed by Biden and adjusted late into the campaign by Harris after backlash for it.
How much conversation does it take to get to the truth? However long it takes for both sides to agree on what it is.
First time home buyer with 2 months of on time rent payments is not that much of a qualifier. And yeah, it has to be actual rent, and not just saying “I paid my uncle in cash.”
Yeah, it doesn’t help you buy your second home. Yeah, you can’t do it at 18 if you haven’t moved out of your parents house.
Straight up cash to help buy your first house. I wasn’t thrilled about it.
Only for immigrant first generation home buyers with no other members of your family owning a house and after you had lived in government backed apartment housing for more than 2 years.
Same way her business loan suggestions were only for specific communities with super strict requirements.
Set it up “help” so restrictive to only “the people who actually need it” so that you don’t have to give out any at all and just sounds good on paper. They don’t want to actually help people, Democrat leaders just needed to keep status quo.
Nothing at all about “immigrants”. Where did you hear that bullshit?
Mostly pro immigrant news sources that were happy about the benefit this would give directly to those communities and the fact that it targets people that have no other family members with a house in the US which those of us with older parents who were born in the US likely have.
The $10,000 credit for only first time homebuyers was a later addition and was not even set as it was more an additional thought tacked on and does nothing for actually giving money for the down payment but only credits you after you bought it.
Not helpful.
deleted by creator
Yeah, it was a shame it was so restrictive, literally was also set for a limit of 400,000 individuals when first proposed too.
Its a criticism of the garbage solutions that were brought forward for good headlines rather than actual support.
Source
You keep making shit up. One million > 400,000.
This is from Harris’s campaign announcement. The extension to millions would be the 4 year plan. And was adjusted again after Biden’s original proposal of this was panned for being what I originally sourced. The very last offering she made by the end of the campaign was looser on restrictions.
I was incorrect, in that she removed the tax credit and made wider eligibility though stated that those still meeting the original criteria would get more assistance, though all would be required to meet the 2 year of proven rental payments through an assured rental agency.
Wow, that’s very different from the “must live in government housing” and “only immigrants” that you started with. How many times does your bullshit need to be called out before you tell the truth?
Not government housing. Government assured or recognized rental agencies. For proof of payment. It’s part of the boring bureaucracy parts.
And primarily focusing on first generation homebuyers benefits people who have had no previous generations living in the country which is directly beneficial to 1st or second generational immigrants.
I am adjusting my position as I gain further information but the the proposed plans did not just offer free cash to assist the average American in buying a home. That’s still at the base of my point and still accurate. I am now aware that the plan was proposed by Biden and adjusted late into the campaign by Harris after backlash for it.
How much conversation does it take to get to the truth? However long it takes for both sides to agree on what it is.
First time home buyer with 2 months of on time rent payments is not that much of a qualifier. And yeah, it has to be actual rent, and not just saying “I paid my uncle in cash.”
Yeah, it doesn’t help you buy your second home. Yeah, you can’t do it at 18 if you haven’t moved out of your parents house.
That’s about it.