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- S.98
S.98: Neighborhood Homes Investment Act
About This Bill
- Introduced Jan. 28, 2021
- Latest Major Action Jan. 28, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
23 (16 Democrats, 7 Republicans)
Bill Version
- Introduced in Senate - Jan. 28, 2021
Bill Summary
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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 28, 2021 |
Read twice and referred to the Committee on Finance.
|
| Jan. 28, 2021 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |