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The New Homes Tax Credit Act establishes a federal tax credit for investors in housing development entities that fund construction of entry-level homes and renovation of single-family housing for low- and moderate-income buyers. Investors receive a 7% credit on the initial investment and 8% on four subsequent anniversary dates. The program allocates $1–3.5 billion annually from 2025–2031 to certified housing development entities, with at least 50% directed to projects serving households earning no more than 80% of area median income and 5% for Native American housing. Funded homes must remain the principal residence of qualified buyers (earning ≤120% of area median income) for five years, enforced by lien.
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