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H.R. 3316: Neighborhood Homes Investment Act

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H.R. 3316: Neighborhood Homes Investment Act

116th Congress · introduced 2019-06-18 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2019-06-18 · official record
  2. Who proposed it: Rep. Higgins, Brian [D-NY-26] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Neighborhood Homes Investment Act

Plain 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 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Neighborhood Homes Investment Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Higgins, Brian [D-NY-26] · 32 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mike Kelly (R-PA), Marcy Kaptur (D-OH), Darin LaHood (R-IL), John B. Larson (D-CT), Terri A. Sewell (D-AL), Guy Reschenthaler (R-PA), Brian K. Fitzpatrick (R-PA), Ruben Gallego (D-AZ), Don Bacon (R-NE), Lloyd Smucker (R-PA), André Carson (D-IN), Pete Stauber (R-MN), Dwight Evans (D-PA), Joyce Beatty (D-OH), Betty McCollum (D-MN), Joe Courtney (D-CT), Emanuel Cleaver (D-MO), Rosa L. DeLauro (D-CT)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong116-hr3316 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116