We have received text from H.R. 9870: Affordable Housing Incentives Act. This bill was received on 2026-07-22, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill would change federal tax rules so that, in certain cases, a property owner who sells real estate for use as affordable housing could defer paying capital gains tax on that sale.
What the bill does
- It adds a new category to an existing tax rule for involuntary conversions , which normally lets taxpayers postpone gains when property is taken or exchanged under certain conditions.
- Under the bill, a sale or transfer of real property to a qualified housing operator would be treated like that kind of conversion if the property will be used or developed as affordable housing.
- This means the seller could, in effect, postpone recognizing gain on the sale rather than immediately paying tax on it, if the bill’s conditions are met.
Who can buy the property under this rule
The buyer or recipient must be a “qualified housing operator,” which includes:
- State, tribal, or local governments, including public housing agencies
- Tribally designated housing entities
- Community housing development organizations
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Other organizations that either:
- have the purpose of providing affordable housing,
- have received government grant funding for affordable housing, or
- have owned and materially participated in a federally supported low-income housing project.
What counts as affordable housing
The property would need to be legally restricted for a 30-year period so that it stays affordable housing. The bill covers property that must be maintained as either:
- residential rental housing that meets certain federal low-income housing requirements, or
- a shelter or property eligible for assistance under the federal homeless assistance program.
Conditions the seller must meet
- The property sale price cannot exceed a qualified appraisal value.
- The seller must attach that appraisal to the tax return for the year of sale.
- The seller must notify the Treasury Department within 90 days of the transfer.
Government oversight
- The Treasury Department would have to check compliance with the affordability requirement at least every five years during the 30-year period.
- The department would enforce the rule through audits.
When it would apply
The new rule would apply only to sales and transfers made after the bill becomes law.
Relevant Companies
None found
Representative Scott H. Peters Bill Proposals
Here are some bills which have recently been proposed by Representative Scott H. Peters:
- H.R.9929: To designate the facility of the United States Postal Service located at 4640 Cass Street in San Diego, California, as the "Mary Wilding Memorial Post Office Building".
- H.R.9870: Affordable Housing Incentives Act
- H.R.9760: National Coordination on Adaptation and Resilience for Security Act of 2026
- H.R.9599: SECURE 340B Act
- H.R.9564: Military Housing Innovation Act
- H.R.8308: CERTAIN Act
You can track bills proposed by Representative Scott H. Peters on Quiver Quantitative's politician page for Peters.
Representative Scott H. Peters Net Worth
Quiver Quantitative estimates that Representative Scott H. Peters is worth $58.8M, as of August 28th, 2026. This is the 28th highest net worth in Congress, per our live estimates.
Peters has approximately $21.8M invested in publicly traded assets which Quiver is able to track live.
You can track Representative Scott H. Peters's net worth on Quiver Quantitative's politician page for Peters.
Representative Scott H. Peters Stock Trading
We have data on up to $278.7M of trades from Representative Scott H. Peters, which we parsed from STOCK Act filings. Some of the largest trades include:
- A August 1st, 2018 sale of up to $100K of $RAND. The stock has fallen 51.07% since then.
You can track Representative Scott H. Peters's stock trading on Quiver Quantitative's politician page for Peters.
2026 California's 50th Congressional District Election
There has been approximately $5,809,338 of spending in California's 50th congressional district elections over the last two years, per our estimates.
Approximately $3,537,379 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- DMFI PAC ($2,000,000)
- VETERANS FOR TRUTH PAC ($622,709)
- VOTEVETS ($443,773)
- CRUSH MAGA PAC ($275,674)
- SERVING CA ($194,199)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 California's 50th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
