Model Resolution Helps Organizations and State and Local Governments Endorse Proposal to Fund NHTF

At the request of an endorser of the campaign to secure permanent, dedicated revenue for the National Housing Trust Fund, NLIHC has developed a model resolution for use in asking governing boards of organizations or units of government to support the proposal. The model resolution includes statements on the need to end homelessness and provides space to insert facts about the shortage of affordable housing in their states. NLIHC Outreach Associates will assist you in locating the data needed for each resolution. The resolution can be adapted to help it fit with local circumstances.The resolution is appropriate for use with any kind of entity such as religious institutions, labor unions, businesses, foundations, and nonprofit organizations, as well state legislatures, city, county, or town councils, tribal governments, housing authorities, school boards, and behavioral health authorities. Once the resolution is passed, the information should be recorded in a specially created online form. Adoption of the resolution automatically means the entity has endorsed the proposal.NLIHC’s housing tax reform proposal would modify the mortgage interest deduction (MID) by reducing the size of a mortgage eligible for a tax break to $500,000, and by converting the deduction to a 15-20% non-refundable tax credit. It would save the federal government between $20 billion and $40 billion a year while making this tax benefit more available to the middle and lower income families who need it. Homeowners would receive a 15-20% non-refundable credit for interest on mortgages up to $500,000. Interest on second homes and home equity loans would be eligible for credit under the $500,000 cap.Our proposal would direct the savings from MID reform be used to create a permanent dedicated source of revenue for the NHTF. The goal of the National Housing Trust Fund Campaign is to expand affordable housing options for extremely low income households by 3.5 million over ten years. This increase in available affordable housing could end homelessness in the United States.Click here to view the model resolution template. Contact [email protected] for assistance in customizing the resolution for your community.Record information about passage of the resolution in your community here.