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B26-0281 • 2025

Reservoir District Tax Exemption Amendment Act of 2025

Reservoir District Tax Exemption Amendment Act of 2025

Housing Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Parker
Last action
2026-01-09
Official status
Under Council Review
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on the exact fiscal impact, number of affordable housing units, or specifics about certified business enterprise agreements.

Reservoir District Tax Exemption Amendment Act

This act amends a section of the District of Columbia Official Code to provide tax exemptions for specific properties within the Reservoir District.

What This Bill Does

  • Adds a new section in Chapter 46 of Title 47 of the District of Columbia Official Code, creating a tax exemption for certain properties.
  • Defines 'Owner' as McMillan Parcel 2 Owner, LLC and McMillan Parcel 4 Owner, LLC, affiliates of LDP Holdings, LLC d/b/a Jair Lynch Real Estate Partners.
  • Specifies that the real property tax on Lots 809, 810, 814, 815 in Square 3128 will be exempted starting October 1, 2029 for 20 years.
  • Requires the Owner to operate or cause to be operated 449 units of housing at the Property and set aside one-third as affordable housing.
  • Requires the Owner to enter into an agreement with the District government regarding certified business enterprises.

Who It Names or Affects

  • McMillan Parcel 2 Owner, LLC
  • McMillan Parcel 4 Owner, LLC
  • The District of Columbia government

Terms To Know

Owner
Refers to McMillan Parcel 2 Owner, LLC and McMillan Parcel 4 Owner, LLC.
Property
Includes the real property at Lots 809, 810, 814, 815 in Square 3128 within the Reservoir District.

Limits and Unknowns

  • The exact fiscal impact of this act is not detailed here.
  • It is unclear how many units will be affordable housing and at what income levels.
  • The specific requirements for certified business enterprises are not fully explained in the provided text.

Bill History

  1. 2026-01-09 Council of the District of Columbia LIMS

    Re-Referral published.

  2. 2026-01-06 Council of the District of Columbia LIMS

    Re-Referred to Committee of the Whole

  3. 2025-06-20 Council of the District of Columbia LIMS

    Notice of Intent to Act on B26-0281 Published in the District of Columbia Register

  4. 2025-06-17 Council of the District of Columbia LIMS

    Referred to Committee on Business and Economic Development

  5. 2025-06-04 Council of the District of Columbia LIMS

    B26-0281 Introduced by Councilmember Parker at Office of the Secretary

Official Summary Text

Reservoir District Tax Exemption Amendment Act of 2025

Current Bill Text

Read the full stored bill text 
1
_____________________________ 2
Councilmember Zachary Parker 3
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A BILL 6
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_________________________ 8
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IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 10
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_________________________ 12
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To amend Chapter 46 of Section 47 of the District of Columbia Official Code to provide for a 15
real property tax exemption for property located at Lots 809, 810, 814, 815, Square 3128. 16
17
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may 18
be cited as the “Reservoir District Tax Exemption Amendment Act of 2025”. 19
Sec. 2. Chapter 46 of Title 47 of the District of Columbia Official Code is amended as 20
follows: 21
(a) The table of contents is amended by adding a new section designation to read as 22
follows: 23
Ҥ 47-4682. Tax Exemption for Reservoir District; Lots 809, 810, 814, 815, Square 24
3128.” 25
(b) A new section 47-4682 is added to read as follows: 26
Ҥ 47-4682. Tax Exemption for Reservoir District; Lots 809, 810, 814, 815, Square 3128. 27
“(a) For the purpose of this section, the term: 28
“(1) “Owner” means McMillan Parcel 2 Owner, LLC, and McMillan Parcel 4 29
Owner, LLC, affiliates of LDP Holdings, LLC d/b/a Jair Lynch Real Estate Partners, its 30
successors, affiliates, and assigns. 31

“(2) “Property” means the real property, including any improvements constructed 32
thereon, at Parcel 2 West and Parcel 4 within the Reservoir District; known for tax and 33
assessment purposes as Lots 814 and 815 in Square 3128, and Lots 809 and 810 in Square 3128, 34
respectively. 35
“(b) Beginning on October 1, 2029, 100% real property tax imposed on the Property 36
pursuant to Chapter 8 of this title shall be exempted for 20 real property tax years; provided, that 37
the Owner shall: 38
“(1) Operate or cause to be operated 449 units of housing at the Property; 39
“(2) Set aside 1/3 of the operating rental housing units in the Property as 40
affordable and available for households earning an average of 80% Area Median Income; 41
“(3) Enter into an agreement with the District government that requires the 42
Owner, or its designee or assignee, to, at a minimum, contract with certified business enterprises 43
for at least 35% of the contract dollar volume of the construction of the project, in accordance 44
with Subchapter IX-A of Chapter 2 of Title 2; and 45
“(4) By September 30 of the year immediately preceding each tax year in the 46
exemption period set forth in this subsection, provide the Mayor with information showing what 47
percentage each of the requirements for eligibility for the exemption provided by this section has 48
been met. If the total number of units of housing per subsections (b)(1) and (b)(2) has not been 49
met the percentage of the real property tax exemption shall be reduced in equal proportion to the 50
percentage of units of housing that are not currently operating in the given real property tax year. 51
“(c) By December 31 of each tax year of the exemption period provided in subsection (b) 52
of this section, the Mayor shall certify to the Office of Tax and Revenue what percentage of tax 53
exemption the Property is eligible for the exemption provided in this section for that tax year. 54

The Mayor shall notify the Office of Tax and Revenue if the Property ceases to be eligible for 55
the exemption and the date such eligibility ceased. 56
“(d) The exemptions provided by this section shall be in addition to, and not in lieu of, 57
any other tax relief or assistance from any other source applicable to the Owner and/or Property.” 58
Sec. 3. Fiscal impact statement. 59
The Council adopts the fiscal impact statement in the committee report as the fiscal 60
impact statement required by section 4a of the General Legislative Procedures Act of 1975, 61
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 62
Sec. 4. Effective date. 63
This act shall take effect after approval by the Mayor (or in the event of veto by the 64
Mayor, action by the Council to override the veto), a 30-day period of congressional review as 65
provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 66
24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of 67
Columbia Register. 68