Property tax relief for four D.C. lots would depend on reserving rental homes for households that meet annual federal income limits.
To receive property tax relief, the covered property would need to reserve one-third of operating rentals as affordable housing for households meeting the specified federal income limits.
The owner would reserve one-third of operating rental units as affordable housing under the cited federal standards. The requirement covers Lots 809, 810, 814, and 815 in Square 3128 in D.C. Tax relief would depend on meeting this requirement. Households would need to meet the 80 Percent Income Limit Category published annually by the U.S. Department of Housing and Urban Development for the Washington-Arlington-Alexandria area. The act would take effect following mayoral approval or a Council veto override and a 30-day congressional review period.
No hearings or votes scheduled.