At PCRG, we know that stable, affordable homeownership is key to strengthening communities. That’s why we’ve joined a nationwide coalition advocating for the Neighborhood Homes Investment Act (NHIA) — a bipartisan bill designed to close the appraisal gap and make it financially viable to build and rehabilitate homes historically disinvested neighborhoods.
Although NHIA has yet to be introduced in this congressional session, it previously received strong bipartisan support. We anticipate Senators Todd Young (R-Indiana), and Mark Warner (D-VA) will champion the bill in the Senate, with Congressman Mike Kelly (R-PA) leading efforts in the House. With ongoing tax negotiations on Capitol Hill, now is a critical time to push for NHIA’s inclusion in any final tax package.
Over the past year, PCRG has worked alongside national partners, including like the National Community Stabilization Trust (NCST), the Homeownership Alliance, National Association of Affordable Housing Lenders (NAAHL), and Enterprise Community Partners, to educate lawmakers on NHIA’s importance. These organizations unite stakeholders from across the housing sector —nonprofits, lenders, policymakers, and community advocates —all dedicated to expanding access to quality, affordable homeownership.
Through bipartisan discussions with senators and representatives, we’ve emphasized that NHIA is more than just another tax incentive — it’s a necessary tool for closing the growing affordability gap. With tax negotiations underway, we’ve been making the case that NHIA deserves a place in the final package. The message is clear: without targeted investments in homeownership, communities will continue to face declining housing stock, rising construction costs, and fewer opportunities for working families to build wealth.
One of the most compelling data points we’ve shared with legislators is the cost of home rehabilitation in Southwestern Pennsylvania. In many neighborhoods we serve, the average cost to rehabilitate a single-family home is approaching $350,000 — far exceeding the value of many properties. This appraisal gap discourages investment, making it nearly impossible for developers to revitalize older homes. NHIA would help bridge this gap, making restoration financially feasible and expanding homeownership opportunities. As NHIA moves closer to reintroduction, PCRG remains committed to working with partners and elected officials to keep it a legislative priority. We encourage our members and stakeholders to engage with their representatives and advocate for this bill. Homeownership isn’t just about housing — it's about economic mobility, community stability, and a more equitable future.
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