NLIHC has long called for enactment of a balanced housing policy in the United States, and the continuing foreclosure crisis has lead to renewed interest in a “rebalancing” of America’s housing policy. This rebalanced housing policy would provide greater support for rental housing, matching the true housing needs of our nation and making it possible for the lowest income people to access affordable, decent homes.
An article in Politico last week addressed the challenges inherent in enacting this kind of policy change in the current economic and political environment.
In Memo to Members this week, we write about the Senate Finance Committee hearing on housing tax expenditures, which focused on potential reforms to the mortgage interest deduction. Such reforms could be part of a balanced housing policy.