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Neighborhood Homes Investment Act

The federal Neighborhood Homes Investment Act (NHIA), currently under consideration in Congress (S. 98 and H.R. 2143) would revitalize distressed neighborhoods with federal income tax credits to build and rehabilitate homes for low- and moderate-income homeowners.

Under the Act, the majority of investment in Vermont would be in census tracts with a poverty rate > 130% of the area poverty rate, a median family income < 80% of area median family income, and a median home value < 100% of the area median home value. These distressed area tracts are shown in red and purple on the map below. A smaller portion of the tax credits could be invested in rural (non-metro area) census tracts with a median family income < 100% of area median family income (shown in blue on the map).