Neighborhood Homes Investment Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 71
- Latest action
- Apr 10, 2025
What it does
The Neighborhood Homes Investment Act would create a federal tax credit to encourage the development and rehabilitation of affordable single-family homes in distressed communities. It targets low- and moderate-income homebuyers and aims to close the "value gap" between construction costs and sale prices in areas with housing shortages. The credit would be administered by state agencies, subject to annual allocations and requirements ensuring affordability, financial feasibility, and compliance with fair housing laws.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.