Oregon's biggest housing program, the mortgage interest deduction, does nothing to ease the state's long-running housing crisis. That's because this billion-dollar housing subsidy mainly benefits well-off homeowners. This is only one of the many flaws of the mortgage interest deduction, according to a recent audit by the Oregon Secretary of State's Office. In this episode of Policy for the People, we talk with Oregon Secretary of State Shemia Fagan and Audits Director Kip Memmott about what the audit revealed.
Read the audit Without Legislative Action the Mortgage Interest Deduction Will Remain Regressive and Inequitable.