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Tax Credits for Home Construction and Renovation in Distressed Neighborhoods

This act introduces new tax credits for businesses and individuals who build or renovate homes in underserved neighborhoods and then sell them at affordable prices. The goal is to increase housing availability and support community stability, especially for lower-income individuals. Citizens may gain access to more affordable homes or support for renovating their own residences.
Key points
New tax credit for developers and renovators of homes in designated areas.
Support for home purchases by individuals with incomes up to 140% of the area's median income.
Potential financial assistance for home renovations for existing lower-income homeowners.
Introduction of a repayment mechanism if the home is sold within 5 years of the affordable sale, unless hardship applies.
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Status: Introduced
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Additional Information
Print number: 119_HR_2854
Sponsor: Rep. Kelly, Mike [R-PA-16]
Process start date: 2025-04-10
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Neighborhood Homes Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2854.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-10.

What are the main provisions?

Key points include:

  • New tax credit for developers and renovators of homes in designated areas.
  • Support for home purchases by individuals with incomes up to 140% of the area's median income.
  • Potential financial assistance for home renovations for existing lower-income homeowners.
  • Introduction of a repayment mechanism if the home is sold within 5 years of the affordable sale, unless hardship applies.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kelly, Mike [R-PA-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Real Estate Public Investments