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The New Homes Tax Credit Act would offer incentives for developers to build single-family homes intended for new homebuyers.

Martin Heinrich intros new homes tax credit bill

First in The Vault: Sen. Martin Heinrich (D-N.M.) has a new bill that would create a housing tax credit program geared toward new construction – a key plank of Vice President Kamala Harris’ economic agenda.

The New Homes Tax Credit Act would offer incentives for developers to build single-family homes intended for new homebuyers. Its aim is to build up housing for lower and middle-income buyers.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets