United States · Bill · S
S. 657 (118th)
Neighborhood Homes Investment Act
Introduced
6 March 2023
Last action
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Status
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 118-555.
Sponsors
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Subjects
Discovery layer
Source updated
27 May 2026
Summary
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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 6 March 2023
Introduced in Senate (PDF)
Introduced in Senate · EN · 6 March 2023
Introduced in Senate
summary · EN · 6 March 2023
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/657
- Open data entity: https://api.congress.gov/v3/bill/118/s/657