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NLIHC & IERE: Report on the Racial Inequity of the Mortgage Interest Deduction Released Today

on May 13, 2021 in All News by Amy Cola

NLIHC and the Institute for Economic and Racial Equity (IERE) at Brandeis University released today a new report, Misdirected Housing Supports: Why the Mortgage Interest Deduction Unjustly Subsidizes High-Income Households and Expands Racial Disparities. The report examines who is likeliest to benefit from the $25 billion annual tax expenditure on the mortgage interest deduction (MID) and finds that most benefits flow to higher-income, disproportionately white homeowners. The report also outlines how the resources dedicated to the MID could instead be used to support low-income renters and homeowners, through expanding rental assistance, investing in affordable rental housing production, supporting small-dollar mortgage lending, and creating stabilization programs to keep low-income families stably housed. 

Courtesy of National Low Income Housing Coalition 

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