Booker’s affordable housing plan: Tax credit, zoning changes

From: Associated Press

Democratic presidential candidate Cory Booker has released a housing proposal that includes a tax credit designed to help make rentals more affordable plus zoning changes and new funding aimed at boosting construction of units for low-income renters.

The New Jersey senator’s plan was released Wednesday and builds on legislation he introduced last year in the Senate that would establish a new refundable renters’ credit. That benefit would kick in to help limit lower- and moderate-income renters’ housing bills to no more than 30 percent of their income.

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