# 119-s-1686: Neighborhood Homes Investment Act

119-s-1686, Neighborhood Homes Investment Act, is a 119th Congress bill sponsored by Sen. Young, Todd [R-IN] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-08-01).

- Canonical: https://policyrisk.com/legislation/119-s-1686
- As of: 2026-08-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1686
- Congress: 119
- Title: Neighborhood Homes Investment Act
- Status: introduced
- Introduced: 2025-05-08
- Sponsor: Sen. Young, Todd [R-IN] (R-IN)
- Cosponsors: 9
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-01

## Summary

**Creates a Neighborhood Homes Credit to subsidize the sale and owner-occupied rehabilitation of homes in distressed and targeted census tracts.** States allocate credits and the program sets income and sale-price caps to steer homes to lower-cost owner-occupants. - Families and homebuyers: Affordable sales must go to owner-occupants whose family income does not exceed 140% of the area median income and come with a five-year occupancy requirement that can trigger partial repayment if broken. - Builders and developers: The credit for each qualified residence is limited by tests that include up to 40% of eligible development costs or 32% of the national median new-home sale price. - State agencies and projects: State-designated neighborhood homes credit agencies get annual allocation ceilings equal to the greater of $9 per person or $12 million, must certify projects and report data to Treasury, and may secure repayments by lien and grant hardship waivers.

## Cosponsors (9)

- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-05-08T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-05-08T00:00:00.000Z
- Sen. Wyden, Ron [D-OR] (D-OR), 2025-05-08T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-05-08T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2025-05-08T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2025-05-08T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2025-05-08T00:00:00.000Z
- Sen. Moran, Jerry [R-KS] (R-KS), 2025-09-11T00:00:00.000Z
- Sen. Durbin, Richard J. [D-IL] (D-IL), 2025-09-11T00:00:00.000Z

## Provisions PRIA read

- Tax credit for affordable-home builders: benefit, high. If enacted, builders and developers could claim a federal tax credit for each qualified affordable home they sell. The credit would be the smallest of three amounts: excess development cost over sale price (agency may permit up to 120% of that excess in some cases), 40% of eligible development cost…
- State agency rules and reporting: benefit, medium. If enacted, States would have to run the Neighborhood Homes Credit program under a public qualified allocation plan. The plan must set priorities like neighborhood stabilization and long-term homeownership, limit concentration of allocations, simplify applications for small builders, set cost and c…
- State energy subsidies not taxable: benefit, low. If enacted, money or discounts from a State energy office for energy improvements to a qualified home would not count as federal taxable income. The exclusion would apply only to subsidies from State energy offices for homes that meet the Neighborhood Homes Credit definition. This change would appl…
- Who can buy and price caps: mixed, high. If enacted, the bill would set who can buy NHC-supported homes and how much they may cost. A ‘‘qualified homeowner’’ would be an owner-occupant whose family income at contract date is 140% or less of the area median. The max affordable sale price for a single-unit home would be four times the area…

## Related bills

- 119-s-1032: Major Richard Star Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-1686 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1686)

## Related
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1686 (as of 2026-08-01).