Bernie Sanders Unveils His New $2.5 Trillion Housing For All Plan

• Sen. Bernie Sanders’ new plan will help house millions of Americans.
• Sen. Sanders plans on invoking a national rent cap.
• Under this plan, homeless people can get connected with social services.

TALLAHASSEE, Fla. – Sen. Bernie Sanders revealed his new Housing for All plan on Wednesday.

The plan from Sen. Sanders gives us a look on how he plans to tackle the national housing issue. In 10 years, Sen. Sanders would invest $1.48 trillion into a National Affordable Housing Trust Fund. Through that fund, 7.4 million houses will be built and maintained. Around $400 billion will go into building 2 million mixed-income social housing units.

There will be $500 million invested to help homeless people all across the country. The $500 million will connect homeless people to social services and case management. The new plan would also help expand the Fair Housing Act.

“It is unacceptable that more than 50 years after the passage of the Fair Housing Act, people still face housing discrimination on the basis of race, sex, gender, religion, country of origin, or disability. That has got to end,” said Sen. Sanders.

Part of the way he will do this is to pass the Equality Act. Through this passage, it would include LGBTQ+ Americans to the Fair Housing Act. Sen. Sanders would also fund the Fair Housing Assistance and Fair Housing Initiatives. He would do this by putting $1 billion into these programs in the next 10 years. Like with any of his plans, Sen. Sanders is not concerned with how he will pay for this plan.

“And we have got to ask ourselves, what in God’s name is going on in this country when we would give over a trillion dollars in tax breaks to the top 1% and large profitable corporations, but presumably, we do not have enough money to make sure that a half a million of fellow Americans are not homeless? That is an outrage,” said Sen. Sanders.

He wants to end predatory housing practices as well. Sen. Sanders would implement a 25% House Flipping tax on speculators who sell houses at a profit. A 2% Empty Homes tax will go towards people who own units as a speculative investment. Through these tax hikes, Sen. Sanders will discourage renters to not renting out their properties.

It is difficult to say if Sen. Sanders’ election odds will increase thanks to his new plan. Sen. Elizabeth Warren has surged ahead of Sen. Sanders in recent polling data. We will get a better feel of the impact of his plans in the coming weeks.