US Senators Ron Wyden (D-OR) and Dan Sullivan (R-AK) and US Representatives Jimmy Panetta (D-CA) and Mike Carey (R-OH) recently introduced the bipartisan Workforce Housing Tax Credit Act (WHTCA). As of 2021, more than 28% of renting households in the middle quintile have been cost burdened or severely cost burdened by spending more than 30% or 50%, respectively, on rent. The WHTCA would benefit Americans with significantly higher income restrictions than the Low-Income Housing Tax Credit (LIHTC), as the WHTCA is aimed at individuals with an income that is 100% or less of area median income (AMI).
