Congressman Ellison introduces Common Sense Housing Investment Act to Invest in Affordable Housing

WASHINGTON, DC – December 21, 2012 – (RealEstateRama) — Rep. Keith Ellison (D-MN) this week introduced the Common Sense Housing Investment Act (H.R. 6677) to make it easier for middle class and working families to be able to stay in their homes and find affordable rental housing. The bill realigns the mortgage interest deduction to better benefit families who need it most by converting the deduction to a 20% flat rate tax credit on mortgages up to $500,000. The bill strengthens the tax benefits for homeowners, while giving working families better access to rental homes