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S. 98 117th Congress Senate

Neighborhood Homes Investment Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for neighborhood revitalization, and for other purposes.

Introduced: June 9, 2021 See on congress.gov
Taxation Building constructionBusiness investment and capitalEconomic developmentEconomic performance and conditions
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Government information and archivesHousing and community development fundingHousing finance and home ownershipHousing supply and affordabilityIncome tax creditsInflation and pricesResidential rehabilitation and home repair
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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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 Latest action January 28, 2021

Read twice and referred to the Committee on Finance.

 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.

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

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 7

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

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 7 filings →
 Cosponsors 19
All 19 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
Sinema, Kyrsten
· 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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