Congress

Rental Housing Leaders Slam Homebuyer Tax Credits 

As the National Association of Home Builders pushes to expand a first-time homebuyer tax credit from $7,000 to $22,000 in the name of stimulating home buying activity, two groups representing the multifamily rental housing industry slammed the idea — along with other taxpayer-funded efforts to prop up housing demand — as industry favoritism, and called on Congress to shelve the proposals.