Buying a new home is out of reach for many. Could housing tax credits help ?
A New Mexico senator wants to get more single-family homes built by creating a new tax credit program at a time when housing affordability is at a generational low. Economic experts say the bill could help New Mexicans, but far more needs to be done to shift the housing market. Sen. Martin Heinrich recently intriduced the New Homes Tax Credit Act, which would authorize in fedral income tax credits anually to incentivize in home building.