VP Harris: Giving People Free Money Makes a Huge Difference in Terms of Who Is Able to Buy a Home

TRANSCRIPT:

HARRIS: "We are also giving for people who are the first generation in their family to seek to buy a home $25,000 grants for startup capital to actually be able to pay down on home ownership, $25,000 if you are first or you are the generation that is the first in your family to be able to buy a home. The other thing we are doing is for a certain tranche of folks, helping them, first-time homeowners, $400 a month in credits toward paying your mortgage. And these issues are exactly the kind of issues that when you address them make a huge difference in terms of who's able to buy a home."