HR 1172
107th Congress
House
Historic Homeownership Assistance Act
Official title: To amend the Internal Revenue Code of 1986 to provide a credit against income tax to individuals who rehabilitate historic homes or who are the first purchaser… Show full official titleShow less
Official title: To amend the Internal Revenue Code of 1986 to provide a credit against income tax to individuals who rehabilitate historic homes or who are the first purchasers of rehabilitated historic homes for use as a principal residence.
Taxation
Administrative feesApartment housesCommemorationsCondominium (Housing)
More subjectsShow fewer subjects
Cooperative housingDivorceEconomics and Public FinanceEnterprise zonesFamiliesFederally-assisted loansFinance and Financial SectorGovernment Operations and PoliticsHistoric sitesHistoryHome ownershipHousing and Community DevelopmentIncome taxLawLocal lawsMarried peopleMortgage banksMortgage interest ratesMortgage loansPersonal income taxReal estate appraisalResidential rehabilitationState lawsTax creditsUrban affairs
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 22, 2001
Referred to the House Committee on Ways and Means.
Mar 22, 2001
Sponsor introductory remarks on measure. (CR E431)
Mar 22, 2001
Introduced in House
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Latest action
Referred to the House Committee on Ways and Means.
Plain-English summary
Historic Homeownership Assistance Act - Amends the Internal Revenue Code to allow a tax credit for 20 percent (up to a maximum limit of $40,000 for a joint return) of the qualified rehabilitation expenditures made by a taxpayer with respect to the certified rehabilitation of a qualified historic home which has been substantially rehabilitated and which is owned by the taxpayer and used as his or her principal residence. Allows the credit for such expenditures to be taken by a purchaser of the rehabilitated home. Permits, in lieu of the credit, a historic rehabilitation mortgage credit certificate, which may be transferred to a lender in exchange for a reduction in the rate of interest on the loan secured by the building.
Related & companion bills
1
Bill text
1 version
- Introduced in House Formatted Text PDF
Committees of jurisdiction
1
Cosponsors
37
D
Larsen, Rick
D
Bishop, Sanford D.
D
Baldwin, Tammy
R
Calvert, Ken
CARSON, BRAD
LAMPSON, NICK
D
Lofgren, Zoe
R
Lucas, Frank D.
QUINN, JACK
D
DeLauro, Rosa L.
Isakson, Johnny
D
Pelosi, Nancy
BEREUTER, DOUGLAS
D
DeGette, Diana
MCCARTHY, KAREN
NETHERCUTT, GEORGE
R
Sessions, Pete
R
Smith, Christopher H.
TURNER, JIM
COLLINS, MAC
HOEFFEL, JOSEPH
R
Rogers, Harold
D
Schiff, Adam B.
Vitter, David
D
Clyburn, James E.
LUCAS, KEN
D
Pallone, Frank
D
Sherman, Brad
FROST, MARTIN
GEPHARDT, RICHARD
GREENWOOD, JAMES
HOUGHTON, AMO
D
Kaptur, Marcy
D
McCollum, Betty
D
McGovern, James P.
D
Neal, Richard E.
I
Sanders, Bernard
Cite this page
U.S. Congress. (2026). H.R. 1172: Historic Homeownership Assistance Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1172/
"H.R. 1172: Historic Homeownership Assistance Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1172/.
H.R. 1172, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1172/.
[H.R. 1172: Historic Homeownership Assistance Act](https://openamerica.io/bill/107-HR-1172/)