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United States · Bill · S

S. 98 (117th)

Neighborhood Homes Investment Act

referredUnited States· United States Congress· EN

Introduced

28 January 2021

Last action

28 January 2021 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Cardin, Benjamin L. [D-MD], Sen. Portman, Rob [R-OH], Sen. Coons, Christopher A. [D-DE], Sen. Young, Todd [R-IN], Sen. Brown, Sherrod [D-OH], Sen. Scott, Tim [R-SC], Sen. Stabenow, Debbie [D-MI], Sen. Moran, Jerry [R-KS], Sen. Baldwin, Tammy [D-WI], Sen. Graham, Lindsey [R-SC], Sen. Sinema, Kyrsten [I-AZ], Sen. Padilla, Alex [D-CA], Sen. Van Hollen, Chris [D-MD], Sen. Capito, Shelley Moore [R-WV], Sen. Blumenthal, Richard [D-CT], Sen. Klobuchar, Amy [D-MN], Sen. Feinstein, Dianne [D-CA], Sen. Peters, Gary C. [D-MI], Sen. Warnock, Raphael G. [D-GA], Sen. Bennet, Michael F. [D-CO], Sen. Murphy, Christopher [D-CT], Sen. Cramer, Kevin [R-ND], Sen. Shaheen, Jeanne [D-NH], Sen. Cortez Masto, Catherine [D-NV]

Subjects

Environment, Housing, Taxation

Source updated

5 December 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. 28 January 2021

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 28 January 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 28 January 2021

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 28 January 2021

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 28 January 2021

    Open at official source

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Sponsors

Related records

Sources

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