United for Homes is the campaign to fund the National Housing Trust Fund with revenue raised from modifications to the mortgage interest deduction.
Who we are
We are a campaign of more than 2,000 organizations, united by the belief that everyone deserves a decent, affordable home. Our mission is to end America’s greatest housing challenges, which we can accomplish through the National Housing Trust Fund. United for Homes proposes smart and fair changes to the mortgage interest deduction, which will help more homeowners while also funding the National Housing Trust Fund. The United for Homes proposal is gaining momentum in Congress.
We all need a decent, affordable home. Yet today, in communities across America, millions are without this basic necessity. For every 100 extremely low income renter households in the United States, there are only 31 affordable and available units. The shortage gets worse every year; it is why people are homeless in our country.
The National Housing Trust Fund (NHTF), created in 2008 and funded in 2016, is the first new federal resource in a generation specifically designed to increase the supply of affordable housing for the lowest income households. Current funding to the NHTF is woefully inadequate to meet the immense demand for such housing.
HOW WE CAN ACHIEVE THIS
The United for Homes campaign proposes to provide significant new resources to the NHTF through two simple changes to the mortgage interest deduction (MID): Reduce the portion of a mortgage eligible for a tax break from $1 million to $500,000 (homeowners would continue to get tax relief on the first $500,000 of their mortgage), and convert the deduction to a 15% non-refundable credit, helping millions of low and moderate income homeowners who currently don’t benefit from the MID. These two changes would save more than $200 billion over ten years to invest in the NHTF.