Congressman Mike Kelly, R-16th, along with Rep. John Larson, D-Conn., teamed up recently to reintroduce the Neighborhood Homes Investment Act.

The bill aims to creates a tax incentive which would build and preserve more than 500,000 affordable, single-family, owner-occupied homes for resource-starved communities.

The bill’s backers claim that if enacted, it will lead to $125 billion in development activity, support 861,000 construction jobs and create nearly $40 billion in total tax revenue.

“For the families whose dreams of homeownership feel unattainable, this bill could make those dreams closer to reality,” Kelly said in a news release.

The bill was introduced in the previous Congress, but was not approved.