Mike Rogers tries to win over young Michigan voters with housing affordability plan
This is performative politics again.
Former Rep. Mike Rogers, who is running for Senate in Michigan, has rolled out a housing affordability plan that he hopes can help win over young homebuyers struggling to break into the market.
Rogers, a Republican who served in Congress from 2001 to 2015, including as chairman of the House Permanent Select Committee on Intelligence, told the Washington Examiner during an interview that he has heard a lot about housing affordability on the campaign trail. Rogers is running for the open Senate seat in Michigan in this year’s midterm elections.
MAJOR HOUSING BILL CLEARS HOUSE AS SENATE AND TRUMP GRAPPLE WITH AFFORDABILITY WOES
“Most of these conversations start with people saying, ‘My kids walk [up] to me and say, you know, I just don’t have the same kind of opportunity here in Michigan, I’m going to have to leave the state,’” Rogers said.
“So I say, we’re going to change that when we get to the United States Senate,” he said.
Rogers said that what he has heard from young people — including in his extended family — is that, because of their lower monthly income, there is a pretty narrow band of houses within their reach, and when those hit the market, it is “outrageously competitive.”
Rogers said that when he examined the challenges facing prospective homebuyers, one big hurdle was saving up for a down payment.
One key part of his plan is expanding 529 savings accounts, which are tax-advantaged investment accounts that help families save for education costs. Rogers proposes expanding those to include down payments for first-time homebuyers.
“Because not everybody’s going to college, not everybody finishes college, not everybody wants to go directly into college,” he said. “They deserve a way to save for that down payment in a way that some people are using it to pay for college.”
He also pointed out that one doesn’t necessarily exclude the other. For instance, someone could use the 529 account to help pay for college and then keep it open and use it to start saving for a down payment.
Rogers’s plan also includes allowing young homebuyers to pay their first year’s property tax using their 529 accounts as well as eliminating transfer fees and ensuring the 529 plans don’t count against private mortgage insurance eligibility.
Rogers, who previously ran for Senate in 2024 against Sen. Elissa Slotkin (D-MI) and lost by a 19,000-vote margin, said he also intends to help with building credit. He pointed out that renters can hurt their credit by not …
This is performative politics again.
Former Rep. Mike Rogers, who is running for Senate in Michigan, has rolled out a housing affordability plan that he hopes can help win over young homebuyers struggling to break into the market.
Rogers, a Republican who served in Congress from 2001 to 2015, including as chairman of the House Permanent Select Committee on Intelligence, told the Washington Examiner during an interview that he has heard a lot about housing affordability on the campaign trail. Rogers is running for the open Senate seat in Michigan in this year’s midterm elections.
MAJOR HOUSING BILL CLEARS HOUSE AS SENATE AND TRUMP GRAPPLE WITH AFFORDABILITY WOES
“Most of these conversations start with people saying, ‘My kids walk [up] to me and say, you know, I just don’t have the same kind of opportunity here in Michigan, I’m going to have to leave the state,’” Rogers said.
“So I say, we’re going to change that when we get to the United States Senate,” he said.
Rogers said that what he has heard from young people — including in his extended family — is that, because of their lower monthly income, there is a pretty narrow band of houses within their reach, and when those hit the market, it is “outrageously competitive.”
Rogers said that when he examined the challenges facing prospective homebuyers, one big hurdle was saving up for a down payment.
One key part of his plan is expanding 529 savings accounts, which are tax-advantaged investment accounts that help families save for education costs. Rogers proposes expanding those to include down payments for first-time homebuyers.
“Because not everybody’s going to college, not everybody finishes college, not everybody wants to go directly into college,” he said. “They deserve a way to save for that down payment in a way that some people are using it to pay for college.”
He also pointed out that one doesn’t necessarily exclude the other. For instance, someone could use the 529 account to help pay for college and then keep it open and use it to start saving for a down payment.
Rogers’s plan also includes allowing young homebuyers to pay their first year’s property tax using their 529 accounts as well as eliminating transfer fees and ensuring the 529 plans don’t count against private mortgage insurance eligibility.
Rogers, who previously ran for Senate in 2024 against Sen. Elissa Slotkin (D-MI) and lost by a 19,000-vote margin, said he also intends to help with building credit. He pointed out that renters can hurt their credit by not …
Mike Rogers tries to win over young Michigan voters with housing affordability plan
This is performative politics again.
Former Rep. Mike Rogers, who is running for Senate in Michigan, has rolled out a housing affordability plan that he hopes can help win over young homebuyers struggling to break into the market.
Rogers, a Republican who served in Congress from 2001 to 2015, including as chairman of the House Permanent Select Committee on Intelligence, told the Washington Examiner during an interview that he has heard a lot about housing affordability on the campaign trail. Rogers is running for the open Senate seat in Michigan in this year’s midterm elections.
MAJOR HOUSING BILL CLEARS HOUSE AS SENATE AND TRUMP GRAPPLE WITH AFFORDABILITY WOES
“Most of these conversations start with people saying, ‘My kids walk [up] to me and say, you know, I just don’t have the same kind of opportunity here in Michigan, I’m going to have to leave the state,’” Rogers said.
“So I say, we’re going to change that when we get to the United States Senate,” he said.
Rogers said that what he has heard from young people — including in his extended family — is that, because of their lower monthly income, there is a pretty narrow band of houses within their reach, and when those hit the market, it is “outrageously competitive.”
Rogers said that when he examined the challenges facing prospective homebuyers, one big hurdle was saving up for a down payment.
One key part of his plan is expanding 529 savings accounts, which are tax-advantaged investment accounts that help families save for education costs. Rogers proposes expanding those to include down payments for first-time homebuyers.
“Because not everybody’s going to college, not everybody finishes college, not everybody wants to go directly into college,” he said. “They deserve a way to save for that down payment in a way that some people are using it to pay for college.”
He also pointed out that one doesn’t necessarily exclude the other. For instance, someone could use the 529 account to help pay for college and then keep it open and use it to start saving for a down payment.
Rogers’s plan also includes allowing young homebuyers to pay their first year’s property tax using their 529 accounts as well as eliminating transfer fees and ensuring the 529 plans don’t count against private mortgage insurance eligibility.
Rogers, who previously ran for Senate in 2024 against Sen. Elissa Slotkin (D-MI) and lost by a 19,000-vote margin, said he also intends to help with building credit. He pointed out that renters can hurt their credit by not …
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