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Neighborhood Revitalization, Tax Credit Bills Proposed

The bill would allow homeowners to claim tax credits to fix up distressed properties.

New legislative proposals unveiled Friday aim to help Hoosier cities deal with abandoned homes and negligent landlords.

Representative Justin Moed is pursuing an aggressive agenda in his first session as a lawmaker. The Indianapolis Democrat wants to establish a Neighborhood Revitalization Fund that will offer low-interest loans to remodel, rehab or purchase abandoned homes.

He is also proposing expanded access to small business loans and a tax credit for small businesses that hire veterans or unemployed Hoosiers. Though the total costs have not yet been determined, Moed says proposals such as the tax credit end up helping the state’s cash flow.

“If they get hired, then they’re off of unemployment, they’re off of food stamps and now they’re paying taxes again so really, in the end, this is a net gain for the city and the state if we can get people back to work and off of our assistance programs,” he says.

Other proposed legislation includes creating a landlord registry that will help cities and law enforcement agencies establish better contacts as a way to track out-of-state, hard-to-reach or negligent landlords.

Moed says he is reached out to Republican committee chairs to ensure his bills get the bipartisan support necessary to pass the legislature.

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