Neighborhood Homes Investment Act
The Neighborhood Homes Investment Act seeks to address the shortage of affordable for-homeownership housing through creation of a new Neighborhood Homes Credit — a federal tax credit to incent new equity investment dollars for the development and renovation of one- to four-family housing in distressed communities by closing the “value gap” between the cost of rehabilitating or building a home and the post-construction value of the home. This new tax credit would expand the supply for affordable single-family homes, improve property values, increase family wealth, and decrease blight and abandonment in distressed neighborhoods.
On April 10, 2025, Representatives Mike Kelly (R-PA) and John Larson (D-CT) introduced the Neighborhood Homes Investment Act in the House (H.R. 2854). Senators Todd Young (R-IN) and Mark Warner (D-VA) introduced companion legislation in the Senate on May 8 (S. 1686).
NCSHA participates in the Neighborhood Homes Coalition, a group of national partners that seek the enactment of the NHIA. Below are advocacy materials developed by the Neighborhood Homes Coalition.
NCSHA Summary of the Neighborhood Homes Investment Act
NCSHA FAQs on the Neighborhood Homes Investment Act
Summary of Legislative Enhancements to the Neighborhood Homes Investment Act
How the Neighborhood Homes Credit Would Work
See Other NCSHA-Endorsed Legislation
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