Referred to the House Committee on Ways and Means.
Summary
The Workforce Housing Tax Credit Act adds a new credit to the Internal Revenue Code that lets owners of qualified middle‑income rental buildings claim a percentage of the building’s qualified basis each year for up to 15 years. It targets developers and owners of new or existing rental housing that serves middle‑income households, aiming to boost the supply of affordable workforce housing. The credit’s size is set by the Treasury Secretary to achieve a present‑value target, with minimum rates to ensure a baseline benefit.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 8626 changes status, plus AI-powered summaries and stage predictions.
Sign up free