April 10, 2025
Contact: Sarah Brundage
(202) 293-9853
sbrundage@naahl.org
NAAHL Applauds the House Reintroduction of Bipartisan Bills to Boost Housing Supply for Renters and Homeowners: the Affordable Housing Credit Improvement Act (AHCIA) and the Neighborhood Homes Investment Act (NHIA)
The newly reintroduced Affordable Housing Credit Improvement Act and Neighborhood Homes Investment Act make up the popular, bipartisan two-pronged approach to addressing the undersupply of affordable housing nationwide.
Washington, D.C. (April 10, 2025) — This week, Members of Congress reintroduced the two leading bills to boost affordable housing supply for renters and homeowners in the House. Today, Representatives Mike Kelly (R-PA) and John Larson (D-CT) reintroduced the Neighborhood Homes Investment Act. Representatives Darin LaHood (R-IL) and Suzan DelBene (D-WA) reintroduced the Affordable Housing Credit Improvement Act earlier this week on April 8.
More than 100 Members of Congress cosponsored the Neighborhood Homes Investment Act last Congress. Modeled off of the Low-Income Housing Tax Credit, the Neighborhood Homes Investment Act would create a new tax incentive to build and preserve more than 500,000 affordable, single-family homes for homeownership over ten years in under-resourced communities.
“Hard-working Americans ready for homeownership need more opportunities to find a modest, affordable home. The Neighborhood Homes Investment Act is a smart solution that will seed thriving communities, attract thousands of jobs, and unlock new economic potential – after all, homes are where jobs go to live,” said Sarah Brundage, President and CEO of the National Association of Affordable Housing Lenders. “We applaud Representatives Mike Kelly and John Larson for leading the bipartisan solution to more affordable homeownership supply. Erie, Hartford, and communities nationwide – especially hard-to-reach and underserved communities – will benefit from the investments into starter homes that the Neighborhood Homes Investment Act will unlock.”
The reintroduction of this bill follows the recent reintroduction of the Affordable Housing Credit Improvement Act that would strengthen and expand the Low-Income Housing Tax Credit. The Housing Credit is the nation’s most effective tool for financing the production and preservation of affordable rental housing. Since its creation nearly 40 years ago, the Housing Credit has facilitated the development of more than 3.7 million affordable homes, leveraging private investment to meet critical community needs.
“Americans need more affordable housing supply and Congress has the power to provide relief to renters and homeowners immediately by passing the Affordable Housing Credit Improvement Act and the Neighborhood Homes Investment Act,” said Brundage. “Adequate, affordable housing is a cornerstone of a healthy economy. It’s time we get these bipartisan, popular bills across the finish line.”
Companion Senate bills to both the Affordable Housing Credit Improvement Act and the Neighborhood Homes Investment Act are expected to be reintroduced later this month. NAAHL urges Congress to include the two-pronged approach to addressing the undersupply of affordable housing nationwide in the next tax package.
The National Association of Affordable Housing Lenders (NAAHL), the National Community Stabilization Trust (NCST), and the Local Initiatives Support Corporation (LISC) co-chair the Neighborhood Homes Coalition.
Click here for a statement from the Neighborhood Homes Coalition.
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About The Neighborhood Homes Coalition
The Neighborhood Homes Coalition is a national advocacy group of 47 national organizations, including housing and community development nonprofits, financial institutions, and related trade associations – all supporting enactment of the Neighborhood Homes Investment Act. Learn more about the Neighborhood Homes Coalition at www.neighborhood homes investment act.org.
About National Association of Affordable Housing Lenders
Founded in 1990, the National Association of Affordable Housing Lenders (NAAHL) is the national alliance of banks, CDFIs, and other lenders and investors in affordable housing and community development.
For more information, visit www.naahl.org.
