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HR 3316 116th Congress House Taxation Building construction Business investment and capital Economic development Economic performance and conditions Government information and archives Housing and community development funding Housing finance and home ownership Housing supply and affordability Income tax credits Inflation and prices Residential rehabilitation and home repair

Neighborhood Homes Investment Act

Introduced: February 13, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2019
Referred to the House Committee on Ways and Means.
Jun 18, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Neighborhood Homes Investment Act

This bill establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums, or houses or apartments owned by cooperative housing corporations.

What's happening now June 18, 2019

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 4073 Related bill Neighborhood Homes Investment Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 29
All 29 Democratic 11 Republican 7
D
Cleaver, Emanuel
Missouri · Dec 18, 2020
 D
DeLauro, Rosa L.
Connecticut · Dec 18, 2020
Brown, Anthony
· Dec 4, 2020
 D
Courtney, Joe
Connecticut · Dec 4, 2020
Ferguson, A.
· Dec 4, 2020
Gonzalez, Anthony
· Dec 4, 2020
 D
McCollum, Betty
Minnesota · Dec 4, 2020
Murphy, Stephanie
· Nov 19, 2020
RYAN, TIM
· Nov 19, 2020
 D
Beatty, Joyce
Ohio · Sep 30, 2020
 D
Evans, Dwight
Pennsylvania · Sep 22, 2020
 R
Stauber, Pete
Minnesota · Sep 21, 2020
 D
Carson, André
Indiana · Jul 1, 2020
 R
Smucker, Lloyd
Pennsylvania · Jun 25, 2020
Stivers, Steve
· Jun 25, 2020
 R
Bacon, Don
Nebraska · Feb 21, 2020
DOYLE, MIKE
· Feb 21, 2020
 D
Gallego, Ruben
Arizona · Feb 21, 2020
Bustos, Cheri
· Feb 13, 2020
 R
Fitzpatrick, Brian K.
Pennsylvania · Feb 13, 2020
 R
Reschenthaler, Guy
Pennsylvania · Dec 12, 2019
 D
Sewell, Terri A.
Alabama · Dec 12, 2019
Delgado, Antonio
· Dec 3, 2019
 D
Larson, John B.
Connecticut · Dec 3, 2019
Walorski, Jackie
· Dec 3, 2019
 D
Kaptur, Marcy
Ohio · Sep 26, 2019
 R
LaHood, Darin
Illinois · Sep 26, 2019
UPTON, FRED
· Sep 26, 2019
 R
Kelly, Mike
Pennsylvania · Jun 18, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3316: Neighborhood Homes Investment Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3316/
MLA
"H.R. 3316: Neighborhood Homes Investment Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3316/.
Bluebook (legal)
H.R. 3316, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3316/.
Markdown link
[H.R. 3316: Neighborhood Homes Investment Act](https://openamerica.io/bill/116-HR-3316/)
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