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What I am refering to is not housing allowance - something used to pay current expenses - but housing equity allowance. This allows me to invest money for a long period of time allowing me to build up cash in place of equity. When I am ready to purchase a home I can use this money - which has been accumulating in my pension fund - without paying taxes or penalties. The ELCA sends 20% to the IRS so that if it turns out I bought a new car or something the gov gets its money.


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