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H.R. 3940 118th Congress House

Neighborhood Homes Investment Act

Official title: To amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes.

Introduced: June 9, 2023 Introduced by: Mike Kelly Republican · Pennsylvania See on congress.gov
Taxation Housing finance and home ownershipIncome tax creditsIncome tax exclusionReal estate business
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Residential rehabilitation and home repairState and local taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 9, 2023
Introduced in House
Jun 9, 2023
Referred to the House Committee on Ways and Means.
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 Latest action June 9, 2023

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Neighborhood Homes Investment Act

This bill allows a business-related tax credit for certain development costs for the acquisition, rehabilitation, or remediation of qualified real property (i.e., real property affixed on a permanent foundation and comprised of four or fewer residential units, a condominium unit, or a house or apartment owned by a cooperative housing corporation).

The bill also provides for the exclusion from gross income, for income tax purposes, of the value of any subsidy provided to a taxpayer by any state energy office for purposes of improvements made to a qualified residence.

 Related & companion bills 1
  • S 657 Identical bill Neighborhood Homes Investment Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

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.

 Cosponsors 111
All 111 Democratic 60 Republican 31
D
Neguse, Joe
Colorado · Dec 17, 2024
 D
Blunt Rochester, Lisa
Delaware · Dec 3, 2024
 D
Garcia, Robert
California · Dec 3, 2024
 D
Houlahan, Chrissy
Pennsylvania · Dec 3, 2024
Lee, Barbara
· Dec 3, 2024
 D
Lee, Summer L.
Pennsylvania · Dec 3, 2024
 D
Leger Fernandez, Teresa
New Mexico · Dec 3, 2024
 D
Lieu, Ted
California · Dec 3, 2024
 R
Meuser, Daniel
Pennsylvania · Dec 3, 2024
 D
Mrvan, Frank J.
Indiana · Dec 3, 2024
 D
Pallone, Frank
New Jersey · Dec 3, 2024
 D
Ryan, Patrick
New York · Dec 3, 2024
 D
Vargas, Juan
California · Dec 3, 2024
 R
Finstad, Brad
Minnesota · Nov 21, 2024
 R
Guest, Michael
Mississippi · Nov 21, 2024
 R
Rutherford, John H.
Florida · Nov 21, 2024
 R
Timmons, William R.
South Carolina · Nov 21, 2024
 D
Landsman, Greg
Ohio · Jul 23, 2024
Spanberger, Abigail
· Jun 27, 2024
 D
DeSaulnier, Mark
California · Jun 26, 2024
 D
Himes, James A.
Connecticut · Jun 26, 2024
 D
Magaziner, Seth
Rhode Island · Jun 26, 2024
 D
Chu, Judy
California · Jun 13, 2024
 D
Foushee, Valerie P.
North Carolina · Jun 13, 2024
 R
Kelly, Trent
Mississippi · Jun 13, 2024
 R
LaLota, Nick
New York · Jun 13, 2024
 R
Reschenthaler, Guy
Pennsylvania · Jun 13, 2024
 D
Bera, Ami
California · May 22, 2024
 D
Brownley, Julia
California · May 22, 2024
 D
Carbajal, Salud O.
California · May 22, 2024
 D
Dingell, Debbie
Michigan · May 22, 2024
 D
Green, Al
Texas · May 22, 2024
 R
Kim, Young
California · May 22, 2024
 R
Moran, Nathaniel
Texas · May 22, 2024
 D
Panetta, Jimmy
California · May 22, 2024
 D
Pingree, Chellie
Maine · May 22, 2024
 R
Salazar, Maria Elvira
Florida · May 22, 2024
 D
Scott, David
Georgia · May 22, 2024
 D
Stevens, Haley M.
Michigan · May 22, 2024
 R
Van Drew, Jefferson
New Jersey · May 22, 2024
 D
Crow, Jason
Colorado · May 21, 2024
 R
Bacon, Don
Nebraska · May 1, 2024
 D
Hayes, Jahana
Connecticut · May 1, 2024
 D
Kelly, Robin L.
Illinois · Mar 19, 2024
 D
Schrier, Kim
Washington · Mar 19, 2024
 D
Stansbury, Melanie A.
New Mexico · Mar 19, 2024
 D
Thanedar, Shri
Michigan · Mar 19, 2024
 D
Costa, Jim
California · Mar 8, 2024
 R
Houchin, Erin
Indiana · Mar 8, 2024
 D
Khanna, Ro
California · Mar 8, 2024
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3940: Neighborhood Homes Investment Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3940/
MLA
"H.R. 3940: Neighborhood Homes Investment Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3940/.
Bluebook (legal)
H.R. 3940, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3940/.
Markdown link
[H.R. 3940: Neighborhood Homes Investment Act](https://openamerica.io/bill/118-HR-3940/)
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