Neighborhood Homes Investment Act (NHIA)

NAAHL supports the passage of the Neighborhood Homes Investment Act (NHIA). The legislation, S. 98 and H.R. 2143, would revitalize distressed urban, suburban and rural neighborhoods with federal income tax credits, mobilizing private investment to build and rehabilitate 500,000 homes for low- and moderate-income homeowners over the next decade.

Every state has neighborhoods where the homes are in poor condition and the property values are too low to support new construction or substantial renovation. The lack of move-in ready homes makes it difficult to attract or retain homebuyers, causing property values to decline. The NHIA would break this downward spiral by creating a federal tax credit that covers the gap between the cost of building or renovating homes and the price at which they can be sold, thus making renovation and new home construction possible. The NHIA would also help existing homeowners in these neighborhoods to rehabilitate their homes.

Summary of Neighborhood Homes Investment Act

Neighborhood Homes Investment Act Proposal

Neighborhood Homes Investment Act Coalition

H.R.2143 – Neighborhood Homes Investment Act – Cosponsors List

S.98 – Neighborhood Homes Investment Act – Cosponsors List

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