NAA and NMHC Applaud Introduction of the Workforce Housing Tax Credit Act to Improve Housing Affordability
ARLINGTON, Va. | (Real Estate Wire) – The National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) applaud the introduction of the Workforce Housing Tax Credit Act by Representatives Mike Carey (R-Ohio-15) and Jimmy Panetta (D-Calif.-19), legislation that would expand the supply of housing available to moderate-income households struggling with the rising cost of housing. and NMHC have long championed the Workforce Housing Tax Credit as a critical tool for addressing the nation's housing affordability challenges and today led a coalition of rental housing organizations in sending a letter of support to Congress urging passage of the legislation. "Across communities nationwide, housing affordability is the defining issue for many Americans and their families – particularly the middle-income workers that keep our cities and towns running," said NAA President and CEO Bob Pinneg...