OPINION (GREENLINING INSTITUTE) – Before the pandemic, California battled the highest levels of poverty, income inequality, and the largest unhoused population in the country. The state also placed the second-lowest in homeownership per capita. Now due to COVID-19, California can expect long-term budget deficits for the next few years. Yet despite all this, the state continues to subsidize wealthy homeowners through the mortgage interest deduction. By eliminating the mortgage interest deduction on vacation homes and reforming the mortgage interest deduction on primary homes to match federal law, we would free up about $500 million in California’s annual budget. It’s time to peel away a layer of one of the real estate industry’s most sacrosanct programs: the mortgage interest deduction.
What Democratic control in Washington means for apartment renters
Proposals include an immediate extension of the eviction moratorium for those affected by the pandemic, and longer-term policy changes meant to empower renters and keep their housing situations stable.
By Zach WichterBankrate.com (Tribune News Service)
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Men hold up signs at a rally outside of City Hall in Oakland, Calif., in January 2020. The Biden administration is expected to embrace policies aimed at stemming evictions and stabilizing housing for renters. Jeff Chiu/Associated Press
In a matter of days, the political landscape in Washington is going to look very different after Democrats take control of both houses of Congress and 1600 Pennsylvania Avenue.
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More housing will come to downtown Boise’s western edge, but what it will look like is still undecided.
On Monday, Boise’s urban renewal agency Capital City Development Corporation’s board heard presentations from three developers looking to build income-restricted housing on Idaho Street. Two of the proposals are for 17 units, the maximum allowed on the .4 acre site, but the third hopes to develop nearly the whole block with 45 units by acquiring nearby parcels.