Harris Partners with Big Money Backers to Boost America's Housing Supply – Will It Be Enough to Solve the Growing Crisis?

Kamala Harris, the U.S. Democratic candidate, made headlines Tuesday when she told a group of Black journalists that, if elected president, she plans to work with private investors to address the nation's growing housing crisis. 

Speaking at a forum organized by the National Association of Black journalists (NABJ) in Philadelphia, Harris acknowledged Americans’ immense pressure regarding housing costs.

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"We have a shortage of housing supply and it's too expensive," Harris told the audience of about 180 people. "One of the big issues that affects people right now in terms of the economy and their well-being is the cost of housing."

During the discussion, Harris emphasized that the solution would require collaboration between the government and the private sector. The goal? To increase housing availability and drive down costs for everyday Americans. 

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While she laid out this plan, Harris also doubled down on another economic promise: expanding the child tax credit to $6,000 and ensuring that no family pays more than 7% of their income on child care.

Though the event covered a range of economic issues, housing took center stage. Harris clarified that, while boosting the housing supply was critical, more work would be needed to address skyrocketing prices that continue to put homeownership out of reach for many.

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This appearance was especially significant, as Harris had skipped NABJ's annual convention in July, where her Republican opponent, Donald Trump, made a controversial appearance.

At that event, Trump faced backlash for questioning Harris' Black identity and for his treatment of one of the moderators during the interview. Despite the heated exchange, Trump's campaign is attempting to court Black voters – traditionally a Democratic stronghold.

Historically, Black voters have leaned heavily toward Democratic candidates. In the 2020 election, 92% of Black voters voted for Joe Biden over Trump, according to Pew Research Center data. And according to a recent NAACP survey, most Black voters – 63% – still plan to back Harris in the upcoming election, while only 13% support Trump.

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However, cracks are beginning to show in the Democratic Party's support among Black voters, especially younger men. More than a quarter of Black men under 45 are leaning toward Trump this election, according to the NAACP poll.

"Black men are like any other voting group," Harris said in response. "You gotta earn their vote."

The NABJ interview, like Trump's before it, was conducted by three organization members, including reporters from TheGrio and Politico and a local radio anchor. 

Both candidates have been making moves to secure the support of Black voters – a key demographic in battleground states like Pennsylvania and Georgia.

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With Election Day drawing closer, Harris and Trump are focusing on these swing states, where Black voters could tip the scales. Georgia, in particular, has the highest proportion of Black voters among the seven battleground states and the race there is expected to be fiercely competitive.

While Harris' campaign has ignited enthusiasm, questions remain about the specifics of her policies, especially on issues like education, criminal justice and the economy – topics especially important to Black voters.

Trump, meanwhile, continues to face challenges of his own in wooing Black voters, given his past inflammatory remarks and accusations that Republican-backed voting laws are designed to suppress Black voter turnout. Republicans, however, deny that any of their policies are intended to restrict voting.

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