Julián Castro Unveils Housing Plan
Democratic presidential candidate Julián Castro on Monday unveiled the first installment of his three-part housing plan. The former HUD secretary said he would transform and expand housing assistance programs for the poor and give renters a tax credit. “People are experiencing an affordable housing crisis, whether they live in a red or blue community, whether they are white or black. This rental affordability touches the lives of so many,” said Castro. Just 25% of people eligible for housing subsidies like Section 8 actually get vouchers. Castro wants to transform the housing assistance program into a fully funded entitlement program, like Social Security. “Housing is a human right,” he said as his plan calls for a refundable tax credit for low- and middle-income renters if their rent exceeds 30% of their income. The White House hopeful said he would unveil additional parts of his housing plan this week. Be sure to read The Beat this week as we break down the rest of his plan. More the first part here.