In Nations Building News, NAHB’s weekly e-newsletter, NAHB details how advocates within the Federal Government are pushing to reduce Federal Government support for homeownership.
The primary target is the Mortgage Interest Deduction, which has long been the target of a variety of groups bent on reducing support for Federal homeownership support programs. Also targeted are the government sponsored enterprises (GSE) Fannie Mae and Freddie Mac, both of which make a market for securitizing mortgages, a vital function to a high level of homeownership.
At the “Conference on the Future of Housing Finance,” criticism was heard that housing subsidies should be shifted to rental housing from homeownership and from higher-income to low-income beneficiaries.
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