California is in a housing supply crisis.
The California Association of REALTORS® is committed to finding a solution – but not at the expense of broken promises to homeowners. And, unfortunately, that’s what AB 71 would do. The bill would take away the Mortgage Interest Deduction from homeowners who purchase or have purchased a second home.
Families made significant financial decisions trusting that the mortgage interest deduction would be there for them. Promises are meant to be kept. Let’s stand together and save the Mortgage Interest Deduction.