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United States · Bill · HR

H.R. 3316 (116th)

Neighborhood Homes Investment Act

referredUnited States· United States Congress· EN

Introduced

18 June 2019

Last action

18 June 2019 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Higgins, Brian [D-NY-26], Rep. Kelly, Mike [R-PA-16], Rep. Kaptur, Marcy [D-OH-9], Rep. Kildee, Daniel T. [D-MI-5], Rep. LaHood, Darin [R-IL-16], Rep. Upton, Fred [R-MI-6], Rep. Delgado, Antonio [D-NY-19], Rep. Walorski, Jackie [R-IN-2], Rep. Larson, John B. [D-CT-1], Rep. Sewell, Terri A. [D-AL-7], Rep. Reschenthaler, Guy [R-PA-14], Rep. Bustos, Cheri [D-IL-17], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Doyle, Michael F. [D-PA-14], Sen. Gallego, Ruben [D-AZ], Rep. Bacon, Don [R-NE-2], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Stivers, Steve [R-OH-15], Rep. Smucker, Lloyd [R-PA-11], Rep. Carson, André [D-IN-7], Denver Riggleman, Rep. Stauber, Pete [R-MN-8], Rep. Evans, Dwight [D-PA-3], Rep. Beatty, Joyce [D-OH-3], Rep. Murphy, Stephanie N. [D-FL-7], Rep. Ryan, Tim [D-OH-13], Rep. McCollum, Betty [D-MN-4], Rep. Brown, Anthony G. [D-MD-4], Anthony Gonzalez, Rep. Ferguson, A. Drew, IV [R-GA-3], Rep. Courtney, Joe [D-CT-2], Rep. Cleaver, Emanuel [D-MO-5], Rep. DeLauro, Rosa L. [D-CT-3]

Subjects

Environment, Housing, Taxation

Source updated

3 January 2025

Environment · Housing · Taxation

Official sourceDownload fileView documentsShare

Summary

Neighborhood Homes Investment Act This bill establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums, or houses or apartments owned by cooperative housing corporations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 June 2019

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 18 June 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 June 2019

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 18 June 2019

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  • Introduced in House (PDF)

    Introduced in House · EN · 18 June 2019

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 18 June 2019

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Sponsors

Related records

Sources

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