Klobuchar tours affordable housing complex in Santa Monica

Amy Klobuchar, a Minnesota senator and presidential candidate, toured Community Corporation of Santa Monica's newest 100% affordable development Wednesday before a presidential debate held at Loyola Marymount University. Tara Barauskas, CCSM's executive director, explained how the non-profit developer built and financed The Arroyo, which provides 64 apartments in downtown Santa Monica for lower-income households. Klobuchar discussed her housing policy proposals, including an expansion of the Housing Choice Voucher Program, which covers rent higher than 30% of the voucher holder’s income, to include all qualifying households with children. Klobuchar said she would pay for her housing proposals by raising the corporate tax rate to 25% and aligning the capital gains tax rate with the income tax rate for households earning more than $400,000 annually.