District of ColumbiaJuly 2017–March 2019 River East at Grandview condo buyers may seek aid
People who bought River East at Grandview condos from July 2017 through March 2019 may qualify for D.C. housing grants or loan relief; cash grants depend on funding.
What it does
People who bought a River East at Grandview condo from July 2017 through March 2019 may seek a grant to buy a D.C. main home without meeting credit rules. They must not have bought another main home since leaving the condo, and cash aid depends on funding.
D.C. housing officials must turn outstanding home purchase aid loans into grants for River East at Grandview condo buyers from July 2017 through March 2019. The loans must have helped buy a D.C. main home; later purchases are excluded.
River East at Grandview condo buyers from July 2017 through March 2019 who bought a D.C. main home without program aid may get up to $50,000 toward its mortgage. Later purchases are excluded, and payments depend on funding.
River East at Grandview condo buyers from July 2017 through March 2019 get priority for homes in D.C.’s Inclusionary Zoning or Affordable Dwelling ownership programs as their next main home. Affordability rules on their first qualifying home end 15 years after their River East condo closing.
For tax years ending on or before December 31, 2032, D.C. leaves income from specified River East debt forgiveness or home purchase aid loan relief out of its income tax calculation.
Argument forFor tax years ending on or before December 31, 2032, excluding covered debt and loan relief from D.C. taxable income could lower recipients’ tax bills.
Argument againstIf lawmakers set aside less money than eligible buyers need, some buyers may not receive cash grants for their D.C. homes.
More detail
D.C. housing officials must let eligible buyers seek home purchase grants without meeting the program’s credit rules. This covers people who bought a River East at Grandview condo from July 2017 through March 2019, whether or not they still own it. Applicants must not have bought another main home since leaving River East at Grandview. The grant must help buy a main home in D.C. Cash payments cannot exceed the money set aside for this aid. This housing provision ends after December 31, 2032.
D.C. housing officials must turn covered outstanding home purchase aid loans into grants. This covers current and former River East at Grandview condo owners who bought there from July 2017 through March 2019 and have an outstanding program loan. The loan must have helped buy a main home in D.C. The conversion does not cover a later purchase beyond the first main home covered by this relief. This housing provision ends after December 31, 2032.
D.C. housing officials must award eligible buyers grants of up to $50,000 to lower their mortgage balances. This covers current and former River East at Grandview condo owners who bought there from July 2017 through March 2019. The buyer must have bought a D.C. main home without help from the home purchase aid program. The grant must lower the mortgage balance through a loan payment change or refinancing. Later home purchases are excluded, and cash payments cannot exceed the money set aside for this aid. This housing provision ends after December 31, 2032.
D.C. housing officials must give covered buyers priority in two affordable home programs and end affordability rules on their first qualifying home 15 years after their River East condo closing. This covers people who bought a River East at Grandview condo from July 2017 through March 2019 and have bought or will buy through D.C.’s Inclusionary Zoning or Affordable Dwelling ownership programs. The affordable home must be the buyer’s next main home. Only the first qualifying home is covered; later purchases are excluded. The 15-year period starts when the buyer closed on the River East at Grandview condo. This housing provision ends after December 31, 2032.
D.C. excludes income from specified debt forgiveness and home purchase aid loan relief when calculating local income tax. This covers specified River East debt relief and home purchase aid loans converted or forgiven under the River East housing provisions. Only income caused by the specified debt or loan forgiveness, or by conversion of a covered home purchase aid loan, qualifies. The tax rule applies to tax years ending on or before December 31, 2032.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 28Law L26-0174, Effective from Aug 20, 2026 Published in DC Register Vol 73 and Page 012068Latest
- Jul 10Act A26-0366 Published in DC Register Vol 73 and Page 009414
- Jul 9Transmitted to CongressMinor
- Jul 2Enacted without Mayor's Signature with Act Number A26-0366Became Law
- Jun 16Transmitted to Mayor, Response Due on Jul 01, 2026To Governor
- Jun 2Final ReadingMinor
- Vote recorded Final Reading. Result: pass.Legislature
- Vote recorded Amendment in the Nature of a Substitute (RWhite). Result: pass.Legislature
- Jun 2Amendment in the Nature of a Substitute (RWhite)Major
- May 5First ReadingMinor
- Vote recorded First Reading. Result: pass.Legislature
- Apr 30Committee Mark-up of B26-0545 by the Housing Committee
- Jan 13Public Hearing on B26-0545 View Public Hearing Record
- Jan 7Revised Notice of Public Hearing filed in the Office of Secretary by HousingMinor
- 2025
- Dec 19Notice of Public Hearing Published in the District of Columbia Register
- Dec 19Notice of Intent to Act on B26-0545 Published in the District of Columbia Register
- Dec 17Notice of Public Hearing filed in the Office of Secretary by HousingMinor
- Dec 16Referred to Committee on Housing with comments from the Committee on Business and Economic DevelopmentMinor
- Dec 12B26-0545 Introduced by Councilmember R. White at Office of the SecretaryIntroduced
HousingTaxes & Budget