Reports

The report examines who is likeliest to benefit from the $25 billion annual tax expenditure on the mortgage interest deduction embedded in the tax code and finds that most benefits flow to higher-income, disproportionately white homeowners. The report also outlines how the resources dedicated to the mortgage interest deduction could instead be used to support low-income renters and homeowners, through expanding rental assistance, investing in affordable rental housing production, supporting small-dollar mortgage lending, and creating stabilization programs to keep low-income families stably housed.