RISMEDIA, December 6, 2010—The National Association of Home Builders (NAHB) has launched a newly-designed consumer-oriented website, www.SaveMyMortgageInterestDeduction.com, to provide up-to-date information on the threat to the mortgage interest deduction.
“Americans overwhelmingly oppose any action by Congress to tamper with the mortgage interest deduction, but it could be eliminated or scaled back as Congress and the Administration are looking at tax increases in light of deficit concerns,” said NAHB President Bob Jones, a home builder from Bloomfield Hills, Mich. “The consequences would be devastating for homeowners, the housing market and the nation’s economy.”
The website separates the myths about the mortgage interest deduction from reality, and shows why this cornerstone of American housing policy is essential for millions of middle-class homeowners and families that aspire to own their own home.
The site contains fact sheets, frequently asked questions, statistics, and other important information to allow consumers to stay informed as debate on the mortgage interest deduction moves forward. Most importantly, the website tells visitors how to remain engaged and make sure their opinions are heard on this important issue by connecting through NAHB’s Facebook and Twitter mortgage interest deduction communities and Eye on Housing (http://eyeonhousing.wordpress.com/) blog.
For more information, visit www.SaveMyMortgageInterestDeduction.com.