To amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Social Welfare.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H262067AA5F8141FBB19A373830C074D0: 1. Short title This Act may be cited as the Neighborhood Homes Investment Act.
- Section HBB305546D0D440768486BA69FEF79B39: 2. Findings and Sense of Congress Congress finds the following: Experts have determined that it could take nearly a decade to address the housing shortage in...
- Section HD79716D8F9654499BEA513574354B984: 3. Neighborhood homes credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 42...
- Section H5A3B2D55AB8149E68214B989382258F5: 42A. Neighborhood homes credit For purposes of section 38, the neighborhood homes credit determined under this section for the taxable year is, with respect to...
- Section H42ED0D532A2941169E93ECC79B250048: 139J. State energy subsidies for qualified residences Gross income shall not include the value of any subsidy provided to a taxpayer (whether directly or...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing, Social Welfare
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Kelly of Pennsylvania (for himself, Mr. Higgins of New …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology