They say the energy savings will pay for the plan.
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez want to rehabilitate the country’s housing stock as part of their proposed “Green New Deal.”
Sanders and Ocasio-Cortez said the housing proposal would cost around $180 billion over 10 years, but they argued the plan would pay for itself through the energy savings it would create. They estimated that the bill would reduce public housing costs by 30%, in addition to a 70% reduction in energy-related expenses.
“We are going to be making massive cuts in carbon emissions by retrofitting and rebuilding public housing in this country,” Sanders, an independent from Vermont who is seeking the Democratic nomination for president, said during a press conference Thursday afternoon. He added that the energy savings produced by this plan should cut carbon emissions by an amount equivalent to taking one million cars off the road.
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