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)
Mark will bring to MHP’s board firsthand experience in developing thousands of affordable housing units and serving over 7000 households through numerous housing programs. Since 1986, Mark Ulfers has served as the Executive Director of the Dakota County Community Development Agency (CDA). He has a Bachelor of Science degree in Urban Studies and Political Science from the University of Minnesota and a Master’s of Public Administration degree from Hamline University. Welcome Mark!