Bill Introduced to Allow for Non-Recognition of Gain on Real Property Sold for Affordable Housing

Tuesday, September 10, 2019 - 11:00am

Rep. Adam Schiff, D-Calif., introduced the Affordable Housing Incentives Act of 2019 (H.R. 4239), a bill to allow for non-recognition of gain on property sold to public housing agencies for use as affordable housing. Provisions of the legislation would apply to sales and transfers made after the enactment date of the bill.