November 17, 2017
As reported by Kelsey Ramirez in Housing Wire, the housing industry, including CHLA, NAR and NAMB, are expressing their disappointment in the passage of the “Tax Cuts and Jobs Act” by the House.
“The Community Home Lenders Association is disappointed that the House approved its tax bill without making changes we believe are needed to preserve homeownership tax incentives,” CHLA Executive Director Scott Olson said.
“We urge Congress to consider CHLA’s proposal for a targeted 15% credit for mortgage interest and property taxes – which would also protect the very types of taxpayers receiving a tax increase under the bill,” Olson said.
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