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Across the nation, American families continue to grapple with an . The severe —coupled with and growing —limits families from accessing housing that is affordable. This persistent lack of housing supply is a significant barrier to household economic mobility and an impediment to community and regional economic prosperity.

As a leading , we know how foundational access to housing is for individuals and families across the country. That is why we believe that increasing housing supply across the income spectrum and throughout urban and rural communities in the United States is so vital to economic stability and growth. Recently introduced bipartisan bills in both the House and Senate aim to tackle this pressing challenge by measurably increasing housing supply and fostering a pro-growth economy:

• Affordable Housing Credit Improvement Act: The bipartisan (H.R. 2725, S. 1515) would strengthen and expand the Low Income Housing Tax Credit (LIHTC) program, a key tool for financing affordable rental housing. By leveraging public-private partnerships, LIHTC has facilitated the construction of and generated significant economic benefits, . If enacted, AHCIA is estimated to support the addition of nearly .
• Neighborhood Homes Investment Act: The bipartisan (H.R. 2854) aims to boost affordable homeownership by addressing financing gaps for acquiring and rehabilitating single-family homes in distressed neighborhoods where rehab costs surpass sale values. This innovative new tax credit would fill a market gap that currently limits homeownership construction opportunities. If enacted, NHIA could add , spurring $151 billion in economic growth and creating 1.1 million jobs.
• New Markets Tax Credit Extension Act: The bipartisan (H.R. 1103, S. 479) seeks to increase access to financing for economic development activities by expanding the New Markets Tax Credit program.  The bill would strengthen the delivery of essential facilities and small businesses by increasing tax credit allocations, adding flexibility for qualifying projects—including housing—and making the tax credit a .

“�鶹��Ƶ is committed to leveraging business practices, philanthropic investments, community partnerships, and research to increase housing supply across the country,” said Vince Toye, Head of Community Development Banking at �鶹��Ƶ. “Through our business relationships and community partnerships with housing and community leaders across the country, we have seen firsthand the challenges that families and businesses face in accessing stable and affordable housing and the impact it has on their lives and the economy. Recent bipartisan momentum to strengthen and expand proven housing supply solutions can help accelerate a pro-growth economy that works for everyone.”

As the housing market reaches a critical juncture, �鶹��Ƶ has convened a series of conversations with key housing stakeholders to identify and advance proven solutions to the nation’s housing challenges, including a on solutions to stabilizing the stock of affordable housing, co-hosted with Enterprise Community Partners, and an , in partnership with Axios.

We look forward to continuing to work with policymakers, housing experts, and community leaders to help address the nation’s housing challenges. To read our full federal housing priorities and learn more visit /impact/policy-center/community-development.