Neighborhood Homes Investment Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 10
- Latest action
- May 8, 2025
What it does
The Neighborhood Homes Investment Act would establish 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 developers working in qualified census tracts—areas with high poverty, low median incomes, and below-average home values—by providing a credit based on development costs or sale price gaps to close the financial feasibility gap in housing projects. The bill requires state-level neighborhood homes credit agencies to allocate funds via qualified allocation plans, prioritizes small businesses and nonprofit involvement, and ensures compliance with fair housing…
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.