"Biden's Plan: Lowering Housing Costs and Offering Tax Credits for First-Time Home Buyers"

President Biden announced a plan to lower housing costs for working families by building and preserving over 2 million new homes, providing tax credits for first-time homebuyers, reducing closing costs for refinancing, and cracking down on unfair rental practices. The plan aims to make homeownership more accessible, lower rental costs, and promote fair housing. Additionally, the President is calling on Congress to pass legislation to enable more Americans to purchase a home, expand the Low-Income Housing Tax Credit, and create a new competitive grant fund to support housing construction.