Vermont Sen. Bernie Sanders’ housing agenda is ambitious, with a cost of more than $2 trillion over 10 years.
He says he would spend $1.5 trillion on the National Housing Trust Fund to build or renovate affordable housing; $400 billion more to build 2 million units of housing for Americans of various incomes to encourage integration of communities; and $50 billion to enable 1 million families to purchase property that they co-own with other home buyers.
Sanders says he would spend $410 billion on new Section 8 rent subsidies for the poor, providing the vouchers to everyone who is eligible. He would also put $70 billion into public housing repairs and spend $2 billion to provide counsel for people facing foreclosure, eviction or loss of rent subsidies. He supports $500 million in spending on social services for the homeless. His plan would impose a cap on annual rent hikes of 3% or 1.5 times the consumer price index, whichever is higher.
“There is virtually no place in America where a full-time minimum wage worker can afford a decent two-bedroom apartment,†Sanders said when he released his housing agenda in September. “At a time when half of our people are living paycheck to paycheck, this is unacceptable.â€
Where the Democratic candidates stand ...