Bill ties mortgage interest deduction savings to affordable housing

03/19/2013 | Housing Wire

Rep. Keith Ellison, D-Minn., has introduced a bill that would limit the mortgage interest deduction, but instead of using the savings to pay down the national debt, it would put the money toward affordable-housing programs. So far the proposal, which backers say would generate $200 billion over 10 years, has drawn mixed reaction.

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