Affordable housing advocates with United for Homes, a campaign to fund the National Housing Trust Fund with revenue raised from changes to the mortgage interest deduction, are on a road trip.
From Oct. 1 through 4, National Low Income Housing Coalition President Sheila Crowley and Outreach Associate Joe Lindstrom will travel throughout Michigan to meet with local community members, housing professionals and media to talk up a proposal to reduce the size of a mortgage eligible for a tax break to $500,000, and convert the deduction to a 15 percent nonrefundable tax credit.
Those changes would produce nearly $200 billion in revenue over 10 years that could be used to fund the National Housing Trust Fund to expand the supply of affordable rental housing.
The road trip will stop in Flint, Midland, Traverse City, Reed City, Kalamazoo, Ann Arbor and Oakland County, and end in Detroit.
Source: NLIHC
