# 119-hr-8626: Workforce Housing Tax Credit Act

119-hr-8626, Workforce Housing Tax Credit Act, is a 119th Congress bill sponsored by Rep. Panetta, Jimmy [D-CA-19] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-10-03).

- Canonical: https://policyrisk.com/legislation/119-hr-8626
- As of: 2026-10-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8626
- Congress: 119
- Title: Workforce Housing Tax Credit Act
- Status: introduced
- Introduced: 2026-04-30
- Sponsor: Rep. Panetta, Jimmy [D-CA-19] (D-CA)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-03

## Summary

**Middle‑Income Housing Tax Credit** — This bill would create a new federal tax credit to encourage building and rehabbing rental housing that serves middle‑income households. The credit would run for 15 years and focus on projects that reserve most units for households at or below 100% of area median gross income. - Families and tenants: Middle‑income households would gain more rent‑restricted units targeted to those at or below 100% of area median gross income. Projects must reserve 60% of units for that group and carry extended‑use covenants that limit rent increases and protect tenants if commitments end. - Developers and nonprofits: Developers could claim a 15‑year credit based on a building's qualified basis. The Secretary would set rates so the credit's present value equals about 50% of basis for new unsubsidized buildings and 20% for other buildings, and the law favors nonprofit participation with set‑asides and special financing rules. - State housing agencies: States would receive an annual allocation floor equal to the greater of $1 per resident or $1.5 million plus carryovers, and a 5% rural set‑aside for nonmetro projects. Agencies must run market studies, limit allocations to what a project needs, and file new reports.

## Cosponsors (5)

- Rep. Sykes, Emilia Strong [D-OH-13] (D-OH), 2026-10-01T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2026-04-30T00:00:00.000Z
- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2026-04-30T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2026-08-31T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-08-31T00:00:00.000Z

## Provisions PRIA read

- Treasury and HUD coordination rules: benefit, low. If enacted, the bill would require the Treasury Secretary to consult with HUD and issue regulations or guidance that align definitions and streamline rules for HUD‑funded low‑income buildings, including Native American programs. This change would not itself change funding but would aim to reduce pa…
- Tenant protections and unit rules: mixed, high. If enacted, the bill would define qualified middle‑income housing projects as those with at least 60% of units rent‑restricted and at least 20% meeting income/rent tests at or below 100% of area median gross income. Gross rent for restricted units would be capped at 30% of an imputed income limit a…
- New middle-income housing tax credit: mixed, high. If enacted, the bill would create a new middle‑income housing tax credit for qualifying buildings placed in service after December 31, 2025. The credit would run 15 years and be set so new, unsubsidized buildings get a 15‑year present value equal to 50% of qualified basis and other buildings 20%, u…
- Eligible basis and rehab rules: mixed, high. If enacted, the bill would set which costs count toward eligible basis for the credit. New buildings would use adjusted basis at the start of the credit period. Existing buildings generally must be acquired by purchase and not placed in service within the prior 10 years to use adjusted basis, thoug…
- State credit caps and rural boost: mixed, high. If enacted, the bill would set how much credit each State can award and when allocations take effect. A State ceiling would equal the unused prior year ceiling plus the greater of $1 per resident or $1.5 million, plus returned amounts; the $1 and $1.5 million amounts would be indexed after 2026. St…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1269: Honoring Our Fallen Heroes Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025

## Sources
- [119-hr-8626 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8626)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1269: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-hr-1269)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8626 (as of 2026-10-03).