Deadly disasters disproportionately affect underserved communities and people of color, reflecting decades of disinvestment and the climate impacts faced when compared to wealthier and non-redlined areas.

In this post, the author unpacks the racial inequities built into another tax provision that unfairly benefits white owners: the mortgage interest deduction (MID). Through an examination of its origins, uses, and value relative to costs, the following discussion shows how this seemingly race-neutral tax deduction actually exacerbates racial wealth and homeownership gaps.