Elizabeth Warren’s Housing Crisis Plan Hints at Reparations

On New Year’s Eve, Senator Elizabeth Warren announced that she plans to enter the 2020 race for the White House. She hinted as much several months back by releasing a slew of ambitious legislative proposals outlining her likely platform, including reform packages to retool capitalism and roll back corruption.

One of those bills could put the nation’s housing affordability crisis center stage in the next presidential election. The American Housing and Economic Mobility Act, which Warren introduced in the Senate this fall, features detailed strategies for attacking the housing crisis from a number of angles. There are policy prescriptions for building more housing in markets where demand has lapped supply. There are also answers for homeowners who are still underwater on their mortgages in the wake of the financial crisis.