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S 98 117th Congress Senate 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: January 28, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Jan 28, 2021
Read twice and referred to the Committee on Finance.
Jan 28, 2021
Introduced in Senate
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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 January 28, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 2143 Related bill Neighborhood Homes Investment Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 6

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 18
All 18 Democratic 12 Republican 6
D
Cortez Masto, Catherine
Nevada · Aug 2, 2022
 D
Shaheen, Jeanne
New Hampshire · Aug 2, 2022
 R
Cramer, Kevin
North Dakota · May 11, 2022
 D
Bennet, Michael F.
Colorado · Mar 24, 2022
 D
Murphy, Christopher
Connecticut · Mar 24, 2022
 D
Warnock, Raphael G.
Georgia · Mar 24, 2022
 D
Peters, Gary C.
Michigan · Jan 12, 2022
 D
Blumenthal, Richard
Connecticut · Jun 9, 2021
 R
Capito, Shelley Moore
West Virginia · Jun 9, 2021
 D
Klobuchar, Amy
Minnesota · Jun 9, 2021
 D
Padilla, Alex
California · May 27, 2021
 D
Van Hollen, Chris
Maryland · May 27, 2021
 R
Graham, Lindsey
South Carolina · May 11, 2021
 D
Baldwin, Tammy
Wisconsin · Apr 14, 2021
 R
Moran, Jerry
Kansas · Feb 12, 2021
 D
Coons, Christopher A.
Delaware · Jan 28, 2021
 R
Scott, Tim
South Carolina · Jan 28, 2021
 R
Young, Todd
Indiana · Jan 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 98: Neighborhood Homes Investment Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-98/
MLA
"S. 98: Neighborhood Homes Investment Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-98/.
Bluebook (legal)
S. 98, 117th Cong. (2026), https://openamerica.io/bill/117-S-98/.
Markdown link
[S. 98: Neighborhood Homes Investment Act](https://openamerica.io/bill/117-S-98/)
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