H.R. 2410, called the “Revitalizing Downtowns and Main Streets Act,” proposes changes to the Internal Revenue Code of 1986 to introduce a 20% investment tax credit. This credit applies to the expenses involved in converting non-residential buildings into affordable housing....
Simple Explanation
H.R. 2410 is about giving money back to people who change old buildings into homes for people who need them, especially in places that need more help, like the countryside or towns that need fixing up. It can be a bit confusing and might work differently in different places, depending on the area's rules.