02/24/2020

Biden proposes $640B housing plan

The Hill BY ZACK BUDRYK - 02/24/20 08:29 AM EST

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.

Biden’s proposal lays out six “Biden principles for housing": affordability, stability, safety/health, accessibility, energy efficiency/resilience and proximity to good schools and jobs.

The proposed bill of rights, modeled on similar legislation that passed in California, would bar mortgage servicers from foreclosing while homeowners are modifying loans and establish a right to timely notifications of loan modification status for borrowers...click here to read more.