Wednesday, August 19, 2009

Housing Related Items from New CBO Report on Budget Options.

The Congressional Budget Office has published a new volume for Congress showing possible budget options (spending reductions and revenue increases) that could help reduce the budget deficit.

From their 284 page document HERE, I have culled 12 spending and revenue options related to housing. The resulting 15 page PDF is HERE.

Biggest 10 year housing savings would be from converting home mortgage deduction to a tax credit:
$387.6 Billion. (See "Option 7").

Originally created and posted on the
Oregon Housing Blog.

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