Allows nonrecognition of gain on real property sold for use as affordable housing.

The Affordable Housing Incentives Act amends the Internal Revenue Code to allow for nonrecognition of gain on real property sold for use as affordable housing. Qualified housing operators include state, tribal, or local governments, tribally designated housing entities, and community housing development organizations. The property must have a covenant or other binding legal restriction to remain affordable for 30 years. The sale price must not exceed the amount determined in a qualified appraisal.

Allows nonrecognition of gain on real property sold for use as affordable housing.

The Affordable Housing Incentives Act amends the Internal Revenue Code to allow for nonrecognition of gain on real property sold for use as affordable housing. Qualified housing operators include state, tribal, or local governments, tribally designated housing entities, and community housing development organizations. The property must have a covenant or other binding legal restriction to remain affordable for 30 years. The sale price must not exceed the amount determined in a qualified appraisal.