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More lawmakers have signed on to support the Neighborhood Homes Investment Act, bringing the total to 100 members of the House of Representatives and 24 senators.

“The affordable housing crisis has touched every community in the country. The widespread, bipartisan support for the Neighborhood Homes Investment Act shows the desire for new tools to address the affordable housing shortage, invest in our neighborhoods, and create opportunities for first-time homeownership, especially among those who are historically left out,” said Rep. Brian Higgins (D-N.Y.), the author of the House legislation, in a statement. “Together with the skilled and diverse group of advocates in the Neighborhood Homes Coalition, we will continue to push for the bill’s passage this year.”

H.R. 2143 and S. 98 aim to produce or rehab 500,000 starter homes in struggling communities over the next decade through a tax credit covering a portion of the development costs.

Building on the low-income housing tax credit (LIHTC), the new Neighborhood Homes credit would be administered by state agencies and awarded to sponsors through competitive rounds. States would be allocated the credits based on population--$6 per capita or a small state minimum of $8 million.

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