Restore our Neighborhoods Act of 2012
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Restore our Neighborhoods Act of 2012 - Amends the Internal Revenue Code to establish a new category of tax credit bonds to be known as qualified urban demolition bonds. Allows the issuance of $4 billion of such bonds for the purpose of demolishing vacant, abandoned, and tax delinquent properties in urban areas. Provides for the allocation of $2 billion to all states to fund such demolition projects, and an additional $2 billion for certain other states that have greater numbers of vacant or foreclosed properties and higher unemployment rates (qualified states).
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4210: Restore our Neighborhoods Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4210/
"H.R. 4210: Restore our Neighborhoods Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4210/.
H.R. 4210, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4210/.
[H.R. 4210: Restore our Neighborhoods Act of 2012](https://openamerica.io/bill/112-HR-4210/)