Plain English Breakdown
The specific address or name of 'the Property' is not included in this excerpt; it relies on definitions found elsewhere in Chapter 46.
Reservoir District Tax Exemption Emergency Amendment Act of 2026
This emergency law requires that one-third of the rental units in a specific property be set aside as affordable housing for households earning up to 80% of the area's median income.
What This Bill Does
- Amends Chapter 46 of Title 47 of the D.C. Official Code on an emergency basis.
- Redesignates existing code sections to make room for new rules.
- Requires that one-third of operating rental units in 'the Property' be designated as affordable housing.
- Sets income limits based on the 80 Percent Income Limit Category reported by HUD for the Washington-Arlington-Alexandria, DC-VA-MD area.
- Takes effect after approval by the Mayor and remains in force for no longer than 90 days.
Who It Names or Affects
- The property designated under Chapter 46 of Title 47 of the D.C. Official Code.
- Households seeking rental units that qualify as affordable housing within specific income limits.
- Landlords or operators managing the specified property in Washington, DC.
Terms To Know
- Affordable Housing
- Rental units set aside for households with incomes below a limit defined by federal law (26 U.S.C. §42(g)(2)(A)).
- 80 Percent Income Limit Category
- A standard allowing only tenants earning 80% or less of the area's median income to rent these units.
- HUD Metro Fair Market Rent Area
- The Washington-Arlington-Alexandria, DC-VA-MD region used by HUD to calculate housing costs and limits.
Limits and Unknowns
- This act is an emergency measure that expires after 90 days unless extended or replaced.
- The text does not name a specific street address, only referring to 'the Property' defined in existing code sections.
- Specific dollar amounts for rent are not listed; they depend on annual reports from the U.S. Department of Housing and Urban Development.