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Will President Bush Reform the Mansion Subsidy?

For years, progressives have been denouncing “welfare for the rich” – government subsidies to big business, pork-barrel Pentagon contracts to weapons makers, huge tax breaks for wealthy individuals and, most […]

home with sold sign in front

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Equitable Tax Reform Begins at Home(ownership)

Talk of tax reform has reached a fever pitch, but most Americans don’t realize just how high the stakes are and what impact the final legislation could have on their own financial security for years to come.

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Billions for the Rich, Pennies for the Poor

Once again the top 1% score big with the mortgage interest deduction The current debate over several Republican flat tax proposals has renewed public attention on the mortgage interest deduction […]

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Rethinking Home Mortgage Deductions

Harvard economics Professor Edward Glaeser, in The New York Times this week, asks us to rethink the home mortgage deduction in the tax code, and it certainly sounds like a […]

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In Pursuit of a Responsible Homeownership Policy

Despite current economic woes, families continue to aspire to own their own homes. For many, homeownership represents a path to stability, community, and long-term wealth building. But achieving these social and economic goals requires a new policy regime and regulatory framework that mitigates the inherent risks of the process. If done right — by matching buyers with appropriate mortgage products in a transparent and fair manner — we can make homeownership work for a broad range of American families, even those with low incomes and few resources.

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Is the Mortgage Interest Deduction Vulnerable?

Shelterforce and the National Housing Institute have been outspoken about the need to change the mortgage interest deduction — the country’s largest housing subsidy, which accrues primarily to wealthy households […]

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A Nation in Trouble

Most of us feel today that this country and its communities are in serious trouble. We don’t, however, see anyone doing anything ambitious enough to matter. What you are about […]

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Has Homeownership Been Oversold?

Discussion about homeownership almost always seems to begin with some reference to owning one’s own home being a part of “The American Dream.” Homeownership has come to stand for wealth, […]