Chart of the Day: Mortgage Interest Tax Subsidy Recipients

This chart is but a mere Tweet from a DC policy pro named Diane Yentel, about where the Mortgage Interest Tax Deduction (a huge federal subsidy intended to boost home ownership) ends up.

Here ’tis:

mortgage income tax deduction chart

She writes:

About a quarter of federal housing subsidies assist low income renters. The rest go mostly to wealthy homeowners.

There’s a lot of info on this out there if you Google it

Bill Lindeke

About Bill Lindeke

Pronouns: he/him

Bill Lindeke has writing blogging about sidewalks and cities since 2005, ever since he read Jane Jacobs. He is a lecturer in Urban Studies at the University of Minnesota Geography Department, the Cityscape columnist at Minnpost, and has written multiple books on local urban history. He was born in Minneapolis, but has spent most of his time in St Paul. Check out Twitter @BillLindeke or on Facebook.