[Congressional Record Volume 169, Number 98 (Tuesday, June 6, 2023)]
[House]
[Pages H2749-H2750]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             ENCOURAGING HOMEOWNERSHIP THROUGH TAX CREDITS

  (Mr. HIGGINS of New York asked and was given permission to address 
the House for 1 minute.)
  Mr. HIGGINS of New York. Madam Speaker, the United States is 
experiencing an affordable housing crisis, and western New York is not 
immune.
  Older communities like Buffalo and Niagara Falls have aging houses 
with good bones, but the high cost to rehab these properties, compared 
to their value, causes them to fall into disrepair. As a result, 
neighborhoods are plagued by blighted homes and vacant lots.
  That is why we introduced the Neighborhood Homes Investment Act, 
which

[[Page H2750]]

closes the value gap these neighborhoods face with a tax credit to 
encourage investing in single-family homes to revitalize these 
communities.
  Over the next 10 years, this bill could help build or rehabilitate 
500,000 homes and create more than 700,000 construction jobs. For the 
families whose dreams of homeownership feel unattainable, this can be a 
game changer.
  Madam Speaker, I ask my colleagues to join Representative   Mike 
Kelly and me in supporting this legislation for communities across the 
Nation and the families who want to see them thrive long into the 
future.

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