Watson Coleman Calls for Reinvestment in Affordable Homes

Housing-Related Tax Reforms Should Fund Affordable Homes

Congresswoman Bonnie Watson Coleman has signed a Dear Colleague letter circulated by Representative Keith Ellison (D-MN) to reinvest any savings from housing-related tax reforms, like reforms to the mortgage interest deduction (MID) into affordable homes.

The Dear Colleague letter was sent to the House Ways and Means Committee Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA.)

The MID should benefit rental housing programs for low income households such as:

The savings should not be used to lower tax rates or reduce the deficit.

New Jersey Representative Bonnie Watson Coleman (D-12) is one of thirty House Democrats to sign the letter.

Other signers include Representatives:

  1. Adams (D-NC),
  2. Brady (D-PA),
  3. Carson (D-IN),
  4. Cicilline (D-RI),
  5. Clarke (D-NY),
  6. Conyers (D-MI)
  7. DeSaulnier (D-CA),
  8. Espaillat (D-NY),
  9. Green (D-TX),
  10. Grijalva (D-AZ),
  11. Heck (D-WA),
  12. Jayapal (D-WA),
  13. Jeffries (D-NY),
  14. Kihuen (D-NV),
  15. Larsen (D-WA),
  16. Lawrence (D-MI),
  17. Lee (D-CA),
  18. Meeks (D-NY),
  19. Moore (D-WI),
  20. Napolitano (D-CA),
  21. Nolan (D-MN),
  22. Holmes Norton (D-DC),
  23. Pingree (D-ME),
  24. Pocan (D-WI),
  25. Rush (D-IL),
  26. Serrano (D-NY),
  27. Slaughter (D-NY), and
  28. Velázquez (D-NY).

NLIHC President and CEO Diane Yentel stated, “Given the affordable housing crisis in communities across the nation, it is critical that Congress reinvest scarce federal resources into providing affordable rental homes for people with the greatest needs. I applaud these Members of Congress for taking this important step toward ending homelessness and housing poverty once and for all, and I encourage them to cosponsor the Common Sense Housing Investment Act of 2017, which would do just that.”

Mr. Ellison reintroduced the “Common Sense Housing Investment Act” on February 8. NLIHC and the United for Homes campaign—which is supported by more than 2,300 national, state, and local organizations and government officials—strongly endorse the legislation. Stay tuned for more information on Mr. Ellison’s legislation, and action you can take to support it, coming soon.

Dear Colleague Letter

Diane Yentel’s Press Statement

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