Biden proposes $640 billion housing plan

Democratic presidential candidate Joe Biden unveiled a $640 billion housing plan on Monday that the former vice president’s campaign said will improve affordability and establish a Homeowner and Renter Bill of Rights./Getty Images

By Kathleen Howley | HousingWire

The presidential candidate calls for a national “Homeowner’s Bill of Rights”

Democratic presidential candidate Joe Biden proposed a $640 billion housing plan on Monday aimed at improving affordability, ending discrimination, protecting consumers and improving energy efficiency.

The plan comes five days before the South Carolina primary, set for Feb. 29, and just over a week before the March 3 “Super Tuesday” primaries when 14 states – including California, where affordable housing is a hot topic – will vote. 

Several other candidates, including Pete Buttigieg and Mike Bloomberg, have also released housing plans this month.

Biden’s housing proposal would restore several Obama administration anti-discrimination housing policies rolled back by President Donald Trump, including strengthening the Consumer Financial Protection Bureau’s ability to enforce settlements against lenders found to have engaged in discriminatory practices.

Biden’s plan also establishes a series of national protective measures called a “Homeowner’s Bill of Rights,” modeled on legislation passed in California with the same name.

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