Tax The Rich To House The Poor
By the National Low Income Housing Coalition. Washington, DC - The National Low Income Housing Coalition (NLIHC) released the “Reforming the Mortgage Interest Deduction: How Tax Reform Can Help End Homelessness and Housing Poverty” report today calling for Congress and the Trump administration to use mortgage interest deduction (MID) reform to end homelessness and housing poverty in America.
The report identifies solutions to the homelessness and affordable housing crisis in America that would incur no additional cost to the federal government, those proposed by the NLIHC-led United for Homes (UFH) campaign. The report and UFH campaign call for modest reforms to the mortgage interest deduction (MID)—a $70 billion tax write-off that primarily benefits higher income households—and for reinvesting the billions in savings in affordable housing for the lowest income families with the greatest needs.