NAA and NMHC Applaud Introduction of the Workforce Housing Tax Credit Act to Improve Housing Affordability

ARLINGTON, Va. | May 6, 2026 - 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. NAA 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 Pinnegar. "This important legislation would directly incentivize the construction of workforce housing, in turn increasing supply and lowering costs. NAA thanks Reps. Mike Carey (R-Ohio-15) and Jimmy Panetta (D-Calif.-19) for their steadfast leadership on this timely and innovative initiative."

"NMHC strongly supports Reps. Panetta and Carey's introduction of the Workforce Housing Tax Credit Act," said NMHC president Sharon Wilson Géno. "Building on the immensely successful Low-Income Housing Tax Credit, the Workforce Housing Tax Credit would extend critical support to moderate-income households who are struggling with housing costs. Together, both tax credits will help grow the supply of housing across communities nationwide and move us closer to the affordability solutions that American renters urgently need."

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For more than 27 years, the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) have partnered on behalf of America's apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of 139 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of all Americans rent their housing, and 40 million of them live in an apartment home.