Neighborhood Homes Investment Act Would Give Incentive to Revitalize Low-Income Areas - WFMJ

Legislation moving through the house and senate aims to get rid of dilapidated and abandoned homes and improve low-income neighborhoods. 

The Neighborhood Homes Investment Act would give a tax credit incentive to private investors to build new or renovate homes in run down neighborhoods.

Congressman Bill Johnson has signed his support of the act. 

"I come from a rural community myself and so I'm very familiar with the struggle that rural and urban areas face," he said. "Places like Youngstown and even further south in the rural parts of our state often times they get overlooked."

The tax credit would cover the difference between the cost it took to build the house and the appraisal value. 

The legislation would help the Youngstown Neighborhood Development Corporation continue its projects. They've renovated 200 homes to try and bring people back to the city.

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