The Biden administration is proposing a $15,000 downpayment tax credit to help potential homebuyers who can afford monthly mortgage payments but do not have savings for a downpayment. In this seminar, researchers will discuss two Center-supported projects focused on who might be aided by downpayment assistance and the choices policymakers will need to make as they move forward with the plan. Raheem Hanifa, a Center research analyst, will discuss research he is doing (with Chris Herbert and Daniel McCue) on the demographics of renters who would most benefit from downpayment assistance, as well as the regional differences in the share of required downpayments that would be covered by $15,000 in assistance. Benjamin Ward, a former Center researcher, will discuss his research into downpayment assistance programs in four other countries – Canada, the United Kingdom, Australia, and New Zealand – and how those programs illustrate the key design choices that US policymakers will have to make as they move forward with the Biden proposal.
Are Housing Plans in Santa Clara County Making a Difference?
JOIN US VIRTUALLY ON WEDNESDAY, JUNE 25TH 12PM
SV@Home’s Policy Team is taking a close look at how Housing Elements across Santa Clara County are delivering on their promises.
What trends are emerging? What’s working? What’s not? Where is your voice needed next?
We’ll share insights from our work with you. Join us. Stay informed on your community’s housing future!