Issue
Housing You Can Afford
Issue
Housing You Can Afford
Prince George’s rents are the highest in Maryland and more than half our neighbors hand over a third of their paycheck just to stay housed. Investors now buy one in every five homes, shutting first-time buyers out. Home equity is still the largest engine of middle-class wealth with the gap between owners and renters only growing. Housing justice is not a hand-out; it is one of the best ways we can build stability and prosperity for our families.
The plan
Social housing surge
Use the National Housing Trust Fund to create or acquire at least 2 million permanently affordable homes by 2035, with at least 15,000 in Prince George’s County.
Guarantee rents never exceed 30 percent of household income.
Renter Bill of Rights
Cap annual rent hikes at inflation + 2 percent on any home backed by federal dollars.
Ban no-fault evictions and provide a lawyer in every eviction case.
Pathways to ownership
Launch a First-Generation Homebuyer Match: every dollar saved is matched two-for-one (up to $25,000) for the down-payment.
Expand land-trust homes and require Fannie Mae and Freddie Mac to offer low-rate 20-year fixed mortgages to first-time and first-generation buyers.
Community control first
Give cities, co-ops, and land trusts first refusal when large landlords sell.
Offer zero-interest federal loans so neighbors, not hedge funds, own the block.
Crack down on corporate landlords
Impose a one-percent surtax on rental portfolios above 1,000 units.
Bar private-equity firms from buying HUD or FHA foreclosures.
End homelessness with Housing First
Make Section 8 an entitlement.
Pair permanent supportive housing with wrap-around mental-health and addiction services until street homelessness hits functional zero.
How we pay
End the $15 billion-a-year mortgage interest deduction for vacation homes and investment properties. Homeowners deserve help. Landlords don't need handouts.
Tax empty homes. Levy a two percent vacancy tax on investor-owned units left empty for more than six months.
Close the carried interest loophole for private equity funds that profit off housing. No more special tax treatment for flipping foreclosures.
Add a federal flip tax on homes resold within two years to crack down on speculation and price gouging.
Wealth Reclaim Pillar: Housing, this pillar of the Wealth Reclamation Tax will also be funded by a 0.5% tax on Wall Street transactions — reclaiming wealth from unchecked speculation and reinvesting it in the people and communities it was extracted from.
Stable rentals today and a clear route to equity tomorrow.
That is real freedom.