(M.A.H.A) Make Affordable Housing Attainable

Economy
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1

Objective: Address the housing crisis by making homeownership more accessible and sustainable for first-time buyers and future generations. This three-step plan focuses on financial incentives, increasing the supply of affordable homes, and improving long-term affordability.

Step 1: Home Savings Incentive Program

Proposal:
Defer income taxes for non-homeowners and redirect them into a Home Savings Account (HSA)

  • Once they save enough for a down payment or closing costs, they become eligible to purchase a home.
  • At that point, their income taxes are routed back to the government, ensuring continued participation.
  • This incentivizes saving for homeownership while maintaining tax contributions in the long term.

Step 2: Assumable Mortgages for Newly Built Starter Homes

Proposal:
Provide ‘assumable mortgages’ for newly constructed homes priced below the national average.

  • These homes serve as affordable starter options for first-time buyers.
  • Directly underwrite builders committed to delivering these homes to the market.
  • Offer incentives to build homes for ownership, not rental, ensuring homes remain accessible to families, not private equity.
  • This policy helps secure a steady supply of affordable homes for future generations.

Step 3: 40-Year Amortization for Affordable Homes

Proposal:
Introduce “40-year amortization schedules” for homes under this program to lower monthly payments and improve affordability.

  • If necessary, establish a ‘third warehouse facility’ (Donnie) to manage these mortgages, independent of existing financial systems, ensuring flexibility and long-term stability. New ways to provide liquidity to the economy directly.

Intent

This three-step plan will:

  • Encourage savings and financial responsibility among non-homeowners.
  • Increase the availability of affordable, owner-occupied housing.
  • Provide sustainable and flexible mortgage options to reduce the monthly cost of homeownership.

Together, these measures will help millions achieve the dream of homeownership and stabilize the housing market for future generations.