Hillary Clinton’s five part plan was created to help homeowners whom have been hurt by the crisis of housing foreclosures, families with difficulty playing energy bills, and people who had lost jobs according to her campaign. She also urged the government to invest in “green collar jobs” to help stimulate the economy along with improving the government.
She said if the economy continues to get worse, Congress should provide an extra $40 billion in direct tax rebates to families in the working and middle class.
Her campaign says that 37 million Americans would be provided with energy assistance whole hundreds of thousands more family would get assistance in avoiding foreclosure according to the proposal that was drafted.
The campaign had explained that the plan includes:
– Establishment of a housing crisis fund of $30 billion which is to help states and localities deal with the fallout of foreclosures. Federal money will be used for anti-blight programs to ease effects of vacant properties and help local housing authorities to both buy and rent out vacant properties.
– A 90-day memorandum on sub-prime mortgages of five years at least. It could also be until housing lenders have turned the mortgages into loans families can afford. This would increase the caps on portfolios at both Fannie Mae and Freddie Mac.
– There would be $25 billion in emergency assistance for families that face the increase in heating bills.
– Provision of $10 billion to extend insurance of the unemployed that struggle to find work while support families.
The plan also provides $5 billion in energy efficiency by taking actions such as giving tax credits to those that buy low emission vehicles and efficient appliances along with other clean technologies.
Clinton had also proposed funds to train and put to work people to make public buildings more energy efficient.