Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The Capitol

WASHINGTON, DC–The National Association of Home Builders had decided to oppose the tax reform plan expected to be released tomorrow by the House of Representatives. The association had been working with Congress on the plan and had expected it to include a homeownership tax credit, according to Granger MacDonald, chairman of the NAHB and a home builder and developer from Kerrville, Texas. This would have replaced the mortgage-interest deduction that is currently part of the tax code and would be eliminated under the reform package.

Instead, executives from the association learned over the weekend that the plan would not include this credit. The association plans to lobby against the measure when it is released.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.