WASHINGTON -- The cost of extending the use of tax-exempt mortgage revenue bonds beyond their scheduled Dec. 31 expiration could be covered by capping the tax deduction for interest paid on home mortgages, a congressional study says.

The report, written by Congressional Research Service analyst Dennis Zimmerman, said the trade-off would help Congress in targeting low-income citizens for federal housing subsidies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.