WASHINGTON December 15th, 2022 – 124 bipartisan US lawmakers have pledged support for the Neighborhood Homes Investment Act (NHIA), which would offer a tax incentive to developers to minimize their risk when building or rehabilitating existing housing. If passed, the legislation could lead to the development of 500,000 starter homes in struggling communities over the next decade in addition to $29.3 billion in federal, state and local tax revenues and fees, $42.9 billion in wages and salaries, and over 780,000 jobs in construction and construction-related industries.
