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HR 5176 118th Congress House Taxation

Affordable and Homeless Housing Incentives Act of 2023

Introduced: August 8, 2023 Introduced by: Schiff, Adam B. Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 8, 2023
Referred to the House Committee on Ways and Means.
Aug 8, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Affordable and Homeless Housing Incentives Act of 2023

This bill allows nonrecognition of gain, for income tax purposes, from the sale of real property to a qualified housing operator for use or development by such operator as affordable housing. The bill defines qualified housing operator to include a state or local government, a tribally designated housing entity, a community housing development organization, or a tax-exempt entity organized to provide affordable housing and which receives federal, state, or local grants to develop or operate such housing.

To be eligible for nonrecognition of gain, the seller must make the property either (1) residential rental property, not less than 75% of the units of which are affordable to low-income families; or (2) a homeless shelter.

The Departmental Enforcement Center of the Department of Housing and Urban Development must ensure that sales of real property under this bill meet certain involuntary conversion requirements.

What's happening now August 8, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Peters, Scott H.
California · Aug 8, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5176: Affordable and Homeless Housing Incentives Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5176/
MLA
"H.R. 5176: Affordable and Homeless Housing Incentives Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5176/.
Bluebook (legal)
H.R. 5176, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5176/.
Markdown link
[H.R. 5176: Affordable and Homeless Housing Incentives Act of 2023](https://openamerica.io/bill/118-HR-5176/)
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