Advocates and policy makers will learn about legislative proposals and issues that will impact housing during the 2011 Minnesota Legislative Session at MHP's annual housing policy showcase. Register today to attend by clicking on one of the following locations: Twin Cities (main event); Duluth; Bemidji; or West Central Minnesota.
While December Minnesota Housing board meetings are typically memorable for the quality of holiday cookies and punch, this one appeared to be all meat. The board heard an auditor’s report on organizational risk facing the Agency due to staff discontent. Board members also weighed in with substantial comments on the Agency’s budget and the Consolidated Plan. There were important staff reports on the Affordable Housing Plan, the Agency’s pilot block grant program and the demonstration temporary rental assistance program.
The National Low Income Housing Coalition examined data from the Joint Committee on Taxation Estimates of Federal Tax Expenditures 2009-2013 to derive the following estimates of who benefits from the nation’s mortgage interest deduction. Here’s what the NLIHC found:
54% of homeowners claim the mortgage interest deduction.
24% all taxpayers claim the mortgage interest deduction.
74% of the benefit of the mortgage interest deduction goes to taxpayers with income of $100,000 or more.
32% of the benefit of the mortgage interest deduction goes to taxpayers with income of $200,000 or more.
(Source: National Low Income Housing Coalition Memo to Members)