The United for Homes (UFH) proposal calls for reducing the portion of a mortgage eligible for a tax break from $1 million to $500,000, impacting fewer than 6% of mortgage holders nationwide, and converting the mortgage interest deduction (MID) into a tax credit. Nationally, these two changes would allow 15 million more low and moderate income homeowners who do not currently benefit from the MID to receive tax relief and would generate $241 billion over ten years to invest in affordable rental housing solutions like the national Housing Trust Fund and Housing Choice Vouchers.
The UFH website features an “About” section that outlines the campaign’s focus, integrated approach, and supporters. This section describes the key elements of the UFH proposal; how the campaign relates to health, communities, racial equity, education, jobs, economic mobility, and income equity; and provides a comprehensive list of campaign endorsers.
Research shows that affordable and accessible housing positively affects one’s ability to thrive economically, stay healthy, and feel secure. The “Our Integrated Approach” section of the website provides concise summaries on how the affordable housing solutions advanced by UFH would impact such areas as:
- Health: Living in a stable, affordable home improves a family’s mental and physical well-being.
- Education: Children living in a stable, affordable home are more likely to thrive in school and have greater opportunities to learn inside and outside the classroom.
- Jobs: Every dollar invested in affordable housing helps create jobs and increase local income and property values.
The “Supporters” section of the website provides a comprehensive list of national and state organizations that have endorsed the campaign. The UFH campaign is supported by more than 2,300 national, state and local organizations and elected officials—in all 435 congressional districts—working to rebalance federal housing policy with the goal of ending homelessness and housing poverty. A user can reach out to a national or state organization and inquire about partnering on UFH campaign-related activities or inquire about local UFH-related initiatives.
Visit the UFH website at: www.unitedforhomes.org