MHP Connect

The Numbers: Who Benefits from the Mortgage Interest Deduction?

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Created: Tuesday, 04 January 2011 18:20

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)

Resources January 2011

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Created: Tuesday, 04 January 2011 18:00

1. Local Study of Innovative Affordable Housing Design
2. HOME Line Saves Tenants Millions
3. Real Estate Investments that Serve Neighborhoods
4. HousingLink Reports Detail Twin Cities Production and Availability

Read more: Resources January 2011

New Board Member

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Created: Tuesday, 04 January 2011 17:30

MHP Welcomes New Board Member Mark Ulfers!

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!