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Kiplinger
Kiplinger
Business
Erin Bendig

Is Harris’s $25k Down Payment Assistance Good or Bad for Homebuyers?

CHANDLER, ARIZONA - OCTOBER 10: Democratic presidential nominee, Vice President Kamala Harris pauses while speaking during a campaign rally at the Rawhide Event Center on October 10, 2024 in Chandler, Arizona..

Democratic Presidential Candidate Kamala Harris recently proposed a plan to offer first-time homebuyers $25,000 in down payment assistance. But could this help or hurt the housing market? This plan is part of Harris’s broader economic policy designed to lower costs for middle-class families and create an “opportunity economy.” 

“We should be making everything to make it more affordable to buy a home, not less,” Harris said during a recent speech in Raleigh, North Carolina. 

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