S 657
Neighborhood Homes Investment Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Neighborhood Homes Investment Act aims to address the shortage of affordable housing and revitalize distressed communities by providing a tax credit for the acquisition, rehabilitation, and remediation of qualified residential properties. It establishes a ‘neighborhood homes credit’ for eligible homeowners and creates a system of neighborhood homes credit agencies to oversee allocation of funds. The bill also includes provisions to incentivize energy efficiency improvements and supports the creation of 500,000 homes and over $125 billion in development activity.
Sponsors
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Primary sponsor
Benjamin L. Cardin
Cosponsors
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