Representative Nydia Velazquez has introduced H.R. 480, “Housing America’s Workforce Act”. This bill creates a tax incentive for businesses to encourage more employers to offer employee assisted housing benefits to their employees. Employer Assisted Housing programs have been shown to be a successful private sector tool to helping lower- and middle-income families afford suitable housing where they work. These programs include downpayment assistance, interest rate buy-downs, rental assistance, and closing cost grants. NAR's Housing Opportunity program strongly supports Employer Assisted housing programs, and NAR sent a letter to Rep. Velazquez, thanking her for introducing the legislation.
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