On December 18, the New Jersey State Senate passed Senate Joint Resolution 65, urging the U.S Congress to pass the Common Sense Housing Investment Act of 2013. SJR 65 supports converting the mortgage interest deduction to a tax credit and dedicating resulting revenue to the National Housing Trust Fund.
Senate President Stephen M. Sweeney (D) introduced the resolution, which passed the Senate with an overwhelming majority of 31-2. The New Jersey State Senate is the tenth government body to support the campaign’s proposal. The Housing and Community Development Network of New Jersey, an NLIHC State Coalition Partner, was instrumental in securing passage.
On December 12, Milwaukee Mayor and former Member of Congress Tom Barrett (D) became the seventh mayor to endorse United for Homes. Mayor Barrett signed the Milwaukee City Council’s resolution supporting the campaign, which passed unanimously on November 25.
United for Homes is the campaign to change the mortgage interest deduction to help more low income homeowners and to raise revenue to fund the National Housing Trust Fund, which will principally benefit renters with incomes less than 30% of the area median income. To date, 1,905 organizations and elected officials representing all 435 Congressional Districts and the District of Columbia have endorsed the campaign.
The Common Sense Housing Investment Act of 2013 (H.R. 1213), introduced by Representative Keith Ellison (D-MN), has the same mortgage interest deduction provisions sought by the United for Homes campaign. H.R. 1213 would dedicate the resulting savings to expanding the per capital allocation for Low Income Housing Tax Credits, and dedicate 60% of the balance to the NHTF, 30% to Section 8 rental assistance, and 10% to the public housing Capital Fund.
NLIHC’s field team is available at email@example.com to assist advocates interested in pursuing United for Homes resolutions from their local governments.
A sample resolution is at http://nlihc.org/issues/mid/resolution
More information about United for Homes is at http://nlihc.org/unitedforhomes