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Neighborhood Homes Investment Act FAQs

Published on March 12, 2021

The Neighborhood Homes Investment Act (NHIA) is a proposed federal tax credit targeted to the new construction or substantial rehabilitation of affordable, owner-occupied housing located in distressed urban, suburban, and rural neighborhoods. It would mobilize private investment to build and substantially rehabilitate 500,000 affordable homes for moderate- and middle-income homeowners over the next 10 years.

The Neighborhood Homes Investment Act FAQs (last updated March 12, 2021) covers the following:

  • What is the Neighborhood Homes Investment Act?
  • Where will the NHIA tax credit be used?
  • What kind of housing would be improved or built with the NHIA tax credit?
  • Whom does the NHIA tax credit serve?
  • Why is the NHIA tax credit necessary?
  • Will the Neighborhood Homes Investment Act cause gentrification?
  • How would the NHIA tax credit work?
  • How will the NHIA tax credit be allocated to the states?
  • Who will administer the NHIA tax credit?
  • Who will oversee administration of the NHIA tax credit?
  • What is the projected impact of the NHIA tax credit?
  • Would the NHIA tax credit leverage other funding?
  • Would the private sector finance affordable housing without an incentive like the NHIA tax credit?
  • Who is supporting the NHIA tax credit?