Preserve the MID and
other housing tax incentives, including the capital - gains exclusion on the sale of a principal residence and the property - tax deduction.
«This is the first time in NAHB's 75 - year history that we have been open to the idea of broader options
regarding housing tax incentives,» said Granger MacDonald, chairman of the NAHB, in the statement.
To meet the nation's growing need for affordable rental housing and homeownership opportunities, the National Association of Home Builders (NAHB) recently called on Congress to maintain its support for
vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deductions.
Preserve MID and
other housing tax incentives, including the capital gains exclusion on the sale of a principal residence and the property tax deduction.
«This is the first time in NAHB's 75 - year history that we have been open to the idea of broader options
regarding housing tax incentives,» says Granger MacDonald, NAHB chairman and a builder and developer from Kerrville, Texas.
In addition, builders» confidence has been rising steadily for eight consecutive months and the uncertainty of taxes, government spending, potential cuts to
housing tax incentives and the on - going weak economy had to finally slow the advancing builder index.
«It provides a huge windfall to major corporations paid for in large part by millions of working class homeowners, who will see
their housing tax incentives severely diminished.