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Neighborhood Homes Investment Act

This bill allows a business-related tax credit for certain development costs for the acquisition, rehabilitation, or remediation of qualified real property (i.e., real property affixed on a permanent foundation and comprised of four or fewer residential units, a condominium unit, or a house or apartment owned by a cooperative housing corporation).

The bill also provides for the exclusion from gross income, for income tax purposes, of the value of any subsidy provided to a taxpayer by any state energy office for purposes of improvements made to a qualified residence.

S680-118, HR3940-118, HR10009-118,

Senate Actions

Committee
Apr. 16 2024	Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Mar. 12 2024	Committee on Banking, Housing, and Urban Affairs. Hearings held.

IntroReferral
Mar. 06 2023	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Mar. 06 2023	Introduced in Senate

Senate bill S657-118

Neighborhood Homes Investment Act

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