The article discusses the strong support for housing provisions in the House Ways and Means Committee's tax reform bill, particularly the expansion of the Low-Income Housing Tax Credit (LIHTC) and the preservation of the mortgage interest deduction. It highlights the significance of the LIHTC as a tool for affordable rental housing and mentions the Mortgage Bankers Association's support for the bill. The provisions reflect a balanced approach to enhancing the housing ecosystem by promoting multifamily and single-family housing, while also emphasizing the continuing relevance of Opportunity Zones through 2033.
NHC strongly supports the housing provisions included in the House Ways and Means Committee's tax reform bill that aim to expand affordable housing.
Dworkin emphasizes that the LIHTC program remains the most effective tool for building affordable rental housing and that the new bill proposes a meaningful expansion.
The Mortgage Bankers Association expressed support for the bill's provisions, stating that the preservation of the mortgage interest deduction is crucial for middle-class homeowners.
Both the MBA and NHC praised the continued support for Opportunity Zones, commending the bill's balanced approach to enhancing the housing ecosystem.
#tax-reform #affordable-housing #low-income-housing-tax-credit #mortgage-interest-deduction #opportunity-zones
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