Affordable Housing Incentives Act
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Jul 2026): Referred to the House Committee on Ways and Means.
What this bill does
H.R. 9870, the Affordable Housing Incentives Act, would amend the federal tax code to let property owners defer capital gains taxes when they sell or transfer real property to certain organizations for use as affordable housing. It does this by adding the transaction to the list of "involuntary conversions" under Section 1033, which already allows tax deferral in situations like property lost to condemnation, if the seller reinvests in similar property.
To qualify, the buyer must be a "qualified housing operator"—such as a government housing agency, tribal housing entity, community housing development organization, or a nonprofit with a track record of developing or operating affordable housing. The property must be legally restricted for at least 30 years to use as income-restricted rental housing or as a shelter eligible for federal homeless-assistance funding. Sellers must notify the Treasury Department within 90 days, attach a qualified appraisal to their tax return, and sell at or below the appraised value. Treasury would be required to periodically verify compliance and enforce the requirements through audits. The change would apply to sales and transfers occurring after enactment.
The bill is sponsored by Rep. Scott Peters with a cosponsor, Rep. Fitzpatrick, and was introduced in the House on July 22, 2026. It has been referred to the House Committee on Ways and Means, which has jurisdiction over tax legislation. No further action has yet been taken, and the bill would need committee consideration and votes in both chambers before it could become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
22 Jul 2026
Referred to the House Committee on Ways and Means.
Common questions
- What does H.R. 9870 do?
- H.R. 9870, the Affordable Housing Incentives Act, would amend the federal tax code to let property owners defer capital gains taxes when they sell or transfer real property to certain organizations for use as affordable housing. It does this by adding the transaction to the list of "involuntary conversions" under Section 1033, which already allows tax deferral in situations like property lost to condemnation, if the seller reinvests in similar property. To qualify, the buyer must be a "qualified housing operator"—such as a government housing agency, tribal housing entity, community housing development organization, or a nonprofit with a track record of developing or operating affordable housing. The property must be legally restricted for at least 30 years to use as income-restricted rental housing or as a shelter eligible for federal homeless-assistance funding. Sellers must notify the Treasury Department within 90 days, attach a qualified appraisal to their tax return, and sell at or below the appraised value. Treasury would be required to periodically verify compliance and enforce the requirements through audits. The change would apply to sales and transfers occurring after enactment. The bill is sponsored by Rep. Scott Peters with a cosponsor, Rep. Fitzpatrick, and was introduced in the House on July 22, 2026. It has been referred to the House Committee on Ways and Means, which has jurisdiction over tax legislation. No further action has yet been taken, and the bill would need committee consideration and votes in both chambers before it could become law.
- Has H.R. 9870 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9870. Check the latest action and official source below.
- Who sponsored H.R. 9870?
- H.R. 9870 was sponsored by Rep. Peters, Scott H. [D-CA-50] (D-CA), with 1 cosponsor.
- What's the latest action on H.R. 9870?
- Referred to the House Committee on Ways and Means. (22 Jul 2026).
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