Tax Reform — Federal Policy Impacting Affordable Housing
For the first time, the National Association of Home Builders has agreed to support converting the Mortgage Interest Deduction (MID) to a tax credit. By shifting the MID to a tax credit, all tax payers, not only those who itemize, can benefit. The tax credit also provides the same percentage cost reduction to all homeowners […]
Federal Budget — Federal Policy Impacting Affordable Housing
Federal Budget The Presidential Budget Proposal reduced funding to the Department of Housing and Urban Development by 14%. This would have eliminated funding for several key programs including the HOME program which has funded over 50 units of housing in Blaine County since 2009. Fortunately, Congress has not accepted the proposal, the current budget, which has […]
