CASTOR OPPOSES REPUBLICAN TAX GIVEAWAY FOR BILLIONAIRES, WARNS OF HARM TO MIDDLE-CLASS

Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

WASHINGTON, D.C. – Today, U.S. Rep. Kathy Castor (FL-14) voted ‘no’ on the Republican “budget for billionaires” that would gut health care for children, seniors and people with disabilities – all for $7 trillion in giveaways to GOP billionaire donors. The Republican scheme to make the richest Americans richer will explode the deficit by heaping trillions of dollars of debt on children and middle-class families.

“Republicans in Congress are intent on saddling middle-class Americans with higher costs and more debt, so their billionaire donors can buy another vacation home or private jet,” said Rep. Castor. “In the Tampa Bay area, the GOP budget would gut Medicaid health care for over 682,000 neighbors, raise health care premiums by $430 on average per year, slash food assistance for 481,000, and jeopardize Pell grants for over 78,000 students.”

The vast majority of health care cuts will be fought out in Castor’s Energy and Commerce Committee, where she will defend her neighbors, their health care, and their wallets. In Castor’s district alone, 148,000 are covered through the Affordable Care Act and are protected from discrimination for preexisting conditions. Under the GOP budget, the average premium would increase by $430 per year on average- a stunning 65% increase.

In addition to deeply harmful health care cuts, the Republican plan threatens nutrition assistance for 179,000 people in FL-14 by slashing the Supplemental Nutrition Assistance (SNAP) at a time when families are struggling with high grocery prices and rebuilding their lives after the devastating hurricanes.

Rep. Castor is committed to fighting back against this reckless Billionaires’ Budget and standing up for Florida families.

Reps. Davis, Moore, Moore, Feenstra, Bacon, Kamlager-Dove, and Aderholt Champion Bipartisan Legislation to Help Children Find Permanent Families via Adoption

Source: United States House of Representatives – Congressman Danny K Davis (7th District of Illinois)

The bill helps more children join permanent, loving families by removing income as a barrier to adoption.

 

Washington, D.C. – On Thursday, April 10, 2025, Representatives Danny K. Davis (D-IL), Blake Moore (R-UT), Gwen Moore (D-WI), Randy Feenstra (R-IA), Don Bacon (R-NE), Sydney Kamlager-Dove (D-CA), and Robert Aderholt (R-AL) introduced the bipartisan, bicameral Adoption Tax Credit Refundability Act of 2025. The legislation would help children find permanent, loving families by removing income as a barrier to adoption.  Senators Kevin Cramer (R-ND) and Amy Klobuchar (D-MN) will introduce companion legislation in the Senate. 

The Adoption Tax Credit helps families offset some of the costs of adoption, especially for children with special needs. Currently, the tax credit disadvantages low- and middle-income families, in particular families with annual incomes between $30,000 to $50,000.  This inequity is problematic given that approximately half of youth adopted from foster care live in families with incomes at or below 200 percent of the federal poverty level; thus, the credit inadvertently creates barriers to permanency for a substantial number of families.  During the Great Recession, Congress allowed families to receive the Adoption Tax Credit if the credit exceeded their tax liability recognizing that the economic hardship could prevent families from adopting or exact a heavy financial toll from families choosing adoption.  The Adoption Tax Credit Refundability Act of 2025 would again make this credit refundable to remove income as a barrier to adoption to help more children join permanent, loving families.

“The Adoption Tax Credit Refundability Act reflects common-sense federal policy,” said Rep. Davis. “It strengthens families, removes income as a barrier to adoption, and helps vulnerable children join permanent, loving families.  Former foster youth represent the majority of children adopted by families earning less than 200 percent of the poverty level.  This bill will make a critical difference in the ability of lower and middle-income families to adopt. I am proud to work across the aisle to improve the Adoption Tax Credit to better help more children and families benefit.”

“Even before joining Congress, I have been committed to supporting and engaging with the adoption community in Utah,” said Rep. Moore (UT). “In learning more about their priorities and challenges, it is clear that many families cannot adopt due to financial barriers. I am proud to co-lead the Adoption Tax Credit Refundability Act as we seek to alleviate these hurdles. This bipartisan bill will make the adoption tax credit fully refundable so that low- and middle-income families can receive the full value of the credit, making it easier for them to open their homes to children in need of forever families.”

“This bipartisan legislation can offer support that helps transform the lives of countless children and families,” said Rep. Gwen Moore. “By permanently reinstating the refundability of the Adoption Tax Credit, we help lower financial barriers to placing children in loving families permanently and we also ensure that more families, including low and middle-income families, can fully benefit from this credit. With this bill, we can pave the way for more children who have already suffered much to find permanent homes. I am honored to partner with my colleagues, including my fellow-cochairs on the Congressional Caucus on Foster Youth.”

“As a father of four, I believe that every child deserves a loving home and that we should encourage families to adopt. That means that Iowans who want to adopt but do not have the financial resources to do so should not be prevented from making additions to their families – they should be supported,” said Rep. Feenstra. “I’m glad to work with a bipartisan group of my colleagues to make the Adoption Tax Credit fully refundable so that families can adopt without facing costly financial barriers. To keep our communities strong, we need to invest in our families and help every child find a permanent, loving home.”

“For years, income has become a roadblock for many families wishing to adopt,” said Rep. Bacon. “As co-chair of the Foster Youth Caucus and an adoptive parent myself, I understand the need to remove this barrier by offsetting these burdensome costs. By making the adoption tax credit fully refundable, this bill makes it easier for families to adopt and gives our nation’s youth a safe, loving, and permanent home. I thank my co-leads for their partnership on this common-sense, bipartisan legislation that is desperately needed today.”

“As a Co-Chair of the Foster Youth Caucus, I am proud to co-lead the reintroduction of the bipartisan Adoption Tax Credit Refundability Act with my colleagues,” said Rep. Sydney Kamlager-Dove. “Each and every one of our foster youth deserves to have a loving home, and reducing the financial barriers to adoption for low and middle-income families will help ensure this reality. We need more commonsense efforts like this to reform our care system and improve outcomes for families and children.”

“Every child deserves the chance to grow up in a loving, permanent home,” said Rep. Aderholt. “One of the biggest concerns I hear from adoptive parents is the high cost of adoption, which can be overwhelming and discouraging. The Adoption Tax Credit Refundability Act helps make adoption more accessible by easing the financial barriers that too often stand in the way. I’m proud to support this bipartisan effort to ensure more families can say yes to adoption and more children can find the forever homes they deserve.”

“Adoption is a true joy for families, but it is not without significant financial cost,” said Senator Cramer. “Our bill will make the credit refundable to help all adoptive families access the full amount of the adoption tax credit, regardless of their tax burden. Support for adoptive families is essential to ensure more children find the stable, loving home they deserve.”

“Minnesotans have a long and proud tradition of adoption to welcome children into safe and loving homes,” said Senator Amy Klobuchar. “Our bipartisan legislation will allow more families to access the full adoption tax credit, helping ensure a smooth and successful transition for children and families. As co-chair of the Congressional Coalition on Adoption, I’ll keep working to improve the adoption process and help every child find the permanent home they deserve.”

The Adoption Tax Credit Refundability Act of 2025 is supported by 98 state, local and national organizations, including:  Academy of Adoption and Assisted Reproduction Attorneys; Child Welfare League of America; Congressional Coalition on Adoption Institute (Secretariat of the Adoption Tax Credit Working Group); Dave Thomas Foundation for Adoption; Families Rising; Generations United; Jewish Children’s Adoption Network; Lutheran Child and Family Services of Illinois; National Council for Adoption; National Foster Parent Association; United States Conference of Catholic Bishops; the Voice for Adoption; and Youth Villages. 

Example Statements in Support of the Adoption Tax Credit Refundability Act

Academy of Adoption and Assisted Reproduction Attorneys

“Restoring refundability to the Adoption Tax Credit will help more families welcome children into loving homes and help secure their futures,” said Deb Guston, Adoption Policy Director of the Academy of Adoption and Assisted Reproduction Attorneys (AAAA). “We applaud the leadership of our Adoption Tax Credit champions in Congress in reintroducing legislation on this important issue for children and families.”

Congressional Coalition on Adoption Institute

“CCAI is proud to serve as the secretariat of the Adoption Tax Credit Working Group, a national coalition of nearly 100 organizations committed to making adoption more accessible,” said Kate McLean, Executive Director of CCAI. “As the nonprofit partner of the bipartisan, bicameral Adoption Caucus, we’re grateful for the leadership of Caucus Members, especially Co-Chairs Robert Aderholt, Kevin Cramer, Danny K. Davis, and Amy Klobuchar as well as Sen. Ben Ray Luján and Reps. Blake Moore and Don Bacon, in advancing adoption tax credit refundability and helping remove barriers to permanency.”

Families Rising

“This bipartisan legislation stands as a beacon of hope, leveling the playing field and extending a helping hand to lower-income families on par with their middle-income counterparts. It champions the cause of permanency for children transitioning out of the foster care system, enabling them to find loving homes through adoption,” said Ligia Cushman, Chief Executive Officer of Families Rising who emphasizes that “This transformative legislation addresses the stark reality faced by numerous children adopted from foster care. With the introduction of this legislation, a bright and promising future becomes possible for these vulnerable children, as their families are granted the opportunity to access what they need to thrive.”

National Council For Adoption

“We are grateful for the bipartisan leadership in making the adoption tax credit available to more families,” said Ryan Hanlon, president and CEO of National Council For Adoption. “The cost of adoption should never be a barrier for children to find permanent, loving families, and this legislation ensures we support all families, including lower-income families.”

Voice for Adoption

“Many children adopted from foster care are adopted by families at or near the poverty line and they receive little or no assistance under the current tax credit,” said Patrick Lester, Executive Director of Voice for Adoption. “This bipartisan legislation will make adoption possible for many more vulnerable children who need a permanent place to call home.”

A copy of the Adoption Tax Credit Refundability Act is here; a summary of the bill is here

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Representatives Davis (IL), Moore (UT), Moore (WI), and Feenstra (IA) are Members of the House Ways and Means Committee with broad jurisdiction over Federal revenue measures.  Representatives Bacon (NE), Kamlager-Dove (CA), and Moore (WI)  are co-chairs of the Congressional Caucus on Foster Youth.  Representatives Adherholt and Davis as well as Senators Cramer and Klobuchar co-chair the Congressional Coalition on Adoption. 

Sherrill Votes NO on Republican Budget Resolution

Source: United States House of Representatives – Congresswoman Mikie Sherrill (NJ-11)

WASHINGTON, DC — Representative Mikie Sherrill (NJ-11) released the following statement after voting against House Republicans’ extreme budget resolution that will strip access to Medicaid and food assistance while giving tax breaks to the ultra-wealthy:

“Today, I once again voted against Republicans’ outrageous budget resolution that will threaten Medicaid access for nearly two million New Jerseyans — including one in three New Jersey children — eliminate critical food assistance as the price of groceries rise, and strip funding from New Jersey’s public schools.

“At the same time, this budget adds trillions to our national debt by giving massive tax breaks to billionaires like Trump and Musk — paid for by hardworking New Jersey taxpayers. This disastrous bill is neither government efficiency nor fiscal responsibility.”

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Rep. Mike Levin’s Statement on Members of Congress Potentially Cashing In On President Trump’s Actions on Tariffs

Source: United States House of Representatives – Representative Mike Levin (CA-49)

April 09, 2025

Washington, D.C.– Today, Rep. Mike Levin (CA-49) released the following statement calling on all Member of Congress to disclose if they cashed in on President Trump’s 90-day pause on tariffs:

“All Members of Congress must immediately disclose all trades in the market over the last week. Stocks, bonds, ETFs. All of it.

“The Trump-caused market chaos is ripe for abuse. Who knew Trump would cave on tariffs and when? The public deserves answers.

“I oppose trading by Members. Ban it now.”

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Congressional Latino-Jewish Caucus Meets with Former Hostages and Families of Those Still in Captivity

Source: United States House of Representatives – Congressman Mario Diaz-Balart (25th District of FLORIDA)

WASHINGTON, D.C.– Co-Chairs of the bipartisan Congressional Latino-Jewish Caucus, Representatives Mario Díaz-Balart (R-FL), Debbie Wasserman Schultz (D-FL), and Adriano Espaillat (D-NY), issued the following statement after meeting with recently released hostages and family members of current hostages:

“As co-chairs of the bipartisan Latino-Jewish Congressional Caucus, we met with American Keith Siegel–who after an agonizing 15 months of brutal Hamas captivity–was finally reunited in February with his wife, Aviva, who was also held hostage for more than 50 days. Having met with Aviva several times, we are deeply relieved that she and Keith are finally reunited.

“We also heard from other recently released hostages and their loved ones, including Iair Horn, a dual Argentine-Israeli who was taken from his home on October 7 alongside his brother Eitan, who remains in captivity; Liran Berman, the older brother of Ziv and Gali Berman––27-year-old twins kidnapped from their home by Hamas; and Ilay David, the brother of 24-year-old Evyatar David, who was abducted by Hamas while attending the Supernova Music Festival.

“Our hearts break for the victims of October 7. The firsthand accounts of the horrific conditions endured––including mental torture and sexual and physical violence––are deeply disturbing. No human being should ever suffer such cruelty. We assured them that their loved ones are not forgotten.

“It has now been one year and six months since Hamas terrorists launched the deadliest attack in Israel’s 76-year history, massacring over 1,200 innocent men, women, and children, and kidnapping more than 250 hostages. Today, 59 hostages, including Americans, remain in Hamas captivity.

 “Congress must remain united in unwavering, bipartisan support and solidarity with our ally, Israel, and we must continue efforts to secure the immediate release of the remaining hostages. We will never forget the lives lost, the pain endured, or the families still waiting to be reunited. And we will not stop working for the safe release of all the hostages, and for their captors to be held accountable.”

 

In addition to the co-chairs of the Congressional Latino-Jewish Caucus, the following officials and individuals were present in solidarity during the meeting:

  • Alejandro Oxenford, Ambassador of Argentina to the United States
  • Dina Siegel Vann, Director of the Arthur and Rochelle Belfer Institute for Latino and Latin American Affairs, American Jewish Committee

Díaz-Balart Chairs Oversight Hearing on the Biden Administration’s Mismanagement of PEPFAR

Source: United States House of Representatives – Congressman Mario Diaz-Balart (25th District of FLORIDA)

WASHINGTON, D.C. – Today, Congressman Mario Díaz-Balart (FL-26), chaired an oversight hearing for the National Security, Department of State, and Related Programs (NSRP) Subcommittee of the House Committee on Appropriations on assessing the President’s Emergency Plan for AIDS Relief (PEPFAR).

Key Highlights

“Unfortunately, under the Biden Administration, the PEPFAR program was not immune from the misguided campaign to push controversial ideologies using U.S. taxpayer dollars. I warned in every hearing, markup, and engagement that using funds to promote radical agendas will cost support for programs that I—and many other Republicans—have historically supported. But even more egregious, under the Biden Administration’s watch, the PEPFAR program violated the Helms Amendment and used taxpayer funds to pay for abortions, for the very first time, as far as we know.”

“I was outraged and heartbroken to learn of this shocking betrayal—funds provided to save lives were instead used to end lives. This was despite my efforts as Chairman to push for more training and oversight with respect to enforcement of long-standing provisions in law to protect life.”

“The incoming Trump Administration announced a review of all foreign assistance programs on day one. Let me be clear—given the circumstances and the gross mismanagement of the Biden Administration, a review is necessary. I fully support this Administration doing a thorough scrub of PEPFAR programs. Frankly, it was sorely needed to ensure that bipartisan support can continue.”

“As this committee begins the important work of crafting the Fiscal Year 2026 appropriations bill, this hearing will play an important role in shaping the recommendations ahead of us. I look forward to hearing from our witnesses about the successes, challenges, and opportunities as we think about the future of the PEPFAR program.”

“It is my assessment that PEPFAR has, and if implemented correctly, will continue to, make America safer, stronger, and more prosperous.”

Click here to read Chairman Díaz-Balart’s remarks, and the hearing can be watched below.

McGovern and Tokuda Reintroduce Resolution Calling for Renewed U.S. Leadership on Nuclear Disarmament

Source: United States House of Representatives – Congressman Jim McGovern (D-MA)

WASHINGTON, D.C.—Today, U.S. Representatives James P. McGovern (MA-02) and Jill Tokuda (HI-02) reintroduced a House resolution urging the United States to return to the negotiating table on nuclear disarmament and to lead a global effort to reduce and eliminate nuclear weapons. The resolution, H. Res. 317, reaffirms the United States’ moral and strategic obligation to prevent nuclear war and calls on the United States to pursue a world free of nuclear weapons as a national security imperative.

“Nuclear weapons do not make us safer—they put the entire planet at risk,” said Congressman McGovern. “We are closer to nuclear catastrophe today than at any point since the Cold War. We need bold action to stop a new arms race before it’s too late. This resolution is a call for courage, diplomacy, and common sense.”

“As a Japanese American, my heritage is deeply tied to the devastating impact of nuclear weapons and the atrocities of war. This resolution is about our moral imperative to achieve nuclear nonproliferation and disarmament. It is not only a call for peace, but a commitment to ensuring that such tragedies are never repeated. This resolution represents a vital step toward a safer, more just world,” said Congresswoman Tokuda.

The resolution urges the United States to:

  • Engage in good-faith negotiations with all nuclear-armed states to halt the buildup of nuclear arsenals and pursue verifiable, time-bound reductions;
  • Conclude new arms control agreements with Russia and engage China on nuclear risk reduction;
  • Renounce the option of using nuclear weapons first;
  • End the Cold War-era “hair trigger alert” posture;
  • Rein in the production of new nuclear warheads and delivery systems;
  • Preserve the moratorium on nuclear testing;
  • Protect radiation-impacted communities and workers through full remediation, compensation, and expanded health care, including an expanded Radiation Exposure Compensation Act (RECA); and
  • Plan a just economic transition for workers and communities dependent on the nuclear weapons industry.

The renewed push comes amid growing concerns over a global nuclear arms race, the collapse of key arms control treaties, and rising tensions between major powers. Since the United States and Russia withdrew from the Intermediate-Range Nuclear Forces Treaty in 2019, many fear that hard-won progress on arms control is unraveling. According to the Congressional Budget Office, the United States is projected to spend over $750 billion on nuclear weapons over the next decade—diverting critical resources away from health care, education, climate resilience, and more pressing national security needs. The resolution has received massive public support from across the country.

“At a time of increased tensions around the world, we cannot risk letting nuclear threats increase. That is why Council for a Livable World supports Congressman McGovern’s H. Res. 317 to lower nuclear risks and promote diplomacy to work toward a world free from nuclear threats. We urge Members to support this legislation and all efforts to reduce nuclear tensions in favor of foreign and national security that will address the issues we face rather than bring us to the precipice of confrontation and waste billions of taxpayer dollars in the process,” said John Tierney, Executive Director of the Council for a Livable World.

“Through the years, Americans have successfully pressed our leaders to pursue nuclear arms control in order to reduce the nuclear threat. But now, eighty years after the first use of nuclear weapons, the danger of nuclear war and nuclear arms racing is on the rise once again. This timely resolution outlines a practical plan for action to restore U.S. leadership to lead the world back from the nuclear brink and build a safer world for our children and generations to come,” said Daryl G. Kimball, Executive Director of the Arms Control Association.

“The McGovern-Tokuda resolution is more than a statement—it’s a detailed, actionable roadmap to nuclear disarmament. It provides a clear strategy for reducing nuclear risks, ending outdated policies, championing justice for impacted communities, and advancing a future free from the threat of nuclear war,” said Denise DuffieldCo-Manager of the Back from the Brink Coalition

“I fully support House Resolution 317. From the beginning of the first arms race, the U.S. and Russia rejected minimal deterrence in favor of nuclear war fighting capabilities even though there are no winners in a nuclear war. Now that we are in a second arms race, the two nuclear superpowers should demonstrate global leadership by honoring the disarmament obligations they promised to in the 1970 Nonproliferation Treaty. H. Res. 317is an important step in that direction. I strongly urge the New Mexican congressional delegation to support it as well,” said the Most Reverend John C. Wester, Archbishop of Santa Fe.

“The United Methodist Church has long called for the abolition of nuclear weapons. The existence of nuclear weapons is antithetical to our faith, which calls on us to practice responsible stewardship. This resolution is a moral imperative, urging us to prioritize peace and the well-being of our communities over weapons of war,” said Bishop Julius Trimble, General Board of Church and Society, United Methodist Church.

“Nuclear weapons are one of the greatest risks humanity faces. They endanger every person’s health, every nation’s security, and the very survival of our planet. As an organization of healthcare professionals, we know there is no cure for the devastation caused by these weapons. That’s why Physicians for Social Responsibility supports this resolution that seeks to prevent nuclear war and abolish nuclear weapons,” said Brian Campbell, PhD, Executive Director of Physicians for Social Responsibility

A full list of supportive statements is available here

“Either we end nuclear weapons—or they will end us,” McGovern added. “This is not just a policy debate. It’s a question of existence.”

The full text of the resolution can be found here.

CLARKE ISSUES STATEMENT ON REPUBLICANS PASSING VOTER SUPPRESSION BILL

Source: United States House of Representatives – Congresswoman Yvette D Clarke (9th District of New York)

FOR IMMEDIATE RELEASE:

April 10, 2025

MEDIA CONTACT: 

e: jessica.myers@mail.house.gov

c: 202.913.0126

Washington, DC – Congresswoman Yvette D. Clarke (NY-09) issued the following statement on the passing of the Republican-led SAVE Act:

“I am disturbed that Republicans are bending the knee to Donald Trump by passing this extreme anti-voting bill that disenfranchises voters and will collectively cost Americans billions. Every time we get to the finish line, Republicans move the line even further to support their agenda. Now, a driver’s license or a state-issued identification card isn’t enough. Republicans want voters to present a passport, birth certificate, and military service papers just to vote. This draconian legislation targets election officials, married women, students, military voters, and rural, minority, and low-income voters – putting them at risk of not being able to exercise their civic duty due to the unnecessary cost and requirements this bill will inflict on voters. I am appalled at their obsessive attempt to impede on citizen’s voting rights – disenfranchising and excluding millions of Americans under the guise of preventing non-citizens from voting. 

“I’m calling this sham for what it is. This is modern-day Jim Crow and voter suppression. Trump and spineless Congressional Republicans want to take us back.”

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Newhouse Statement on Passage of House Budget Resolution

Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

Headline: Newhouse Statement on Passage of House Budget Resolution

WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) released the following statement on passage of the House budget resolution to unlock the reconciliation process in Congress. 

“Passing the budget resolution unlocks the next step in the reconciliation process allowing Congress to reduce federal spending, lower inflation, and advance a conservative agenda to get our country back on track. It will be no easy task, but Republicans must stay unified to deliver for the American people.” 

The legislation passed the House with a vote of 216-214.  

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Kelly, Larson reintroduce Neighborhood Homes Investment Act

Source: United States House of Representatives – Representative Mike Kelly (R-PA)

WASHINGTON, D.C. — Today, U.S. Reps. Mike Kelly (R-PA), Chairman of the Ways & Means Subcommittee on Tax and John Larson (D-CT), Ranking Member of the Ways & Means Social Security Subcommittee, reintroduced the Neighborhood Homes Investment Act. This bipartisan legislation creates a new tax incentive to build and preserve more than 500,000 affordable, single-family homes for homeownership over ten years in under-resourced communities.

“The Neighborhood Homes Investment Act will allow homeowners and developers to not only affordably restore beautiful homes, but also to build and create more affordable housing in communities that need it the most. For the families whose dreams of homeownership feel unattainable, this bill could make those dreams closer to reality,” said Rep. Kelly. “I am proud to join my colleagues in leading the bipartisan Neighborhood Homes Investment Act, which will create stronger homes, stronger families, and stronger neighborhoods.”

“I am proud to join my colleague, Rep. Mike Kelly, to introduce a bipartisan solution to bring down costs and increase the supply of affordable housing,” said Rep. Larson. “The Neighborhood Homes Investment Act will tackle our housing crisis by incentivizing the construction of new homes and the revitalization of vacant homes in need of repair. We will continue to work together to spur the development of good, quality housing in the Northeast and across the country, and make homeownership a reality for more of our nation’s families.”

The Neighborhood Homes Investment Act gained strong backing in the 118th Congress, with 111 House cosponsors, including 17 members of the House Ways & Means Committee. The Senate version of the bill had 16 cosponsors last Congress, and a companion Senate bill is anticipated to be reintroduced later this month by Senators Todd Young (R-IN) and Mark Warner (D-VA).

House original co-sponsors include Representatives Randy Feenstra (R-IA), Vern Buchanan (R-FL), Carol Miller (R-WV), Mike Carey (R-OH), David Kustoff (R-TN), Nicole Malliotakis (R-NY), Nathaniel Moran (R-TX), Terri Sewell (D-AL), Danny Davis (D-IL), and Jimmy Panetta (D-CA).

BACKGROUND

Under this legislation:

  • Tax credits would be awarded to project sponsors through statewide competitions administered by state housing finance agencies.
  • Sponsors, which could include developers, lenders, or local governments, would use the credits to raise capital for their projects, and investors would claim the credits against their federal income taxes.
  • The credits can only be claimed for homes developed or rehabilitated in eligible low-income
    communities, and only after the homes are sold and occupied by lower or middle-income families.

The Neighborhood Homes Coalition estimates that the legislation would support a substantial economic impact over the next 10 years. The 500,000 homes that would be developed or rehabbed would:

  • Spur $125 billion in total development activity.
  • Support 861,000 jobs in construction and construction-related industries.
  • Create $56 billion in wages and salaries.
  • Produce $26 billion in federal and $12 billion in state and local tax revenues and fees.

You can read the full bill text here.