Bill > B26-0015

This bill amends an existing law to extend affordable housing requirements to real estate dispositions by certain District of Columbia quasi-governmental entities. Specifically, if any of these instrumentalities (including the Water and Sewer Authority, Health and Hospitals Public Benefits Corporation, Public Service Commission, Washington Convention Center Authority, Housing Finance Agency, Washington Metropolitan Area Transit Authority, and Housing Authority) plan to sell or transfer property that will result in a residential development of 10 or more units, they must comply with the same affordable housing requirements that currently apply to public land dispositions. These requirements typically mandate that a certain percentage of new residential units be made available at below-market rates to ensure housing accessibility for lower-income residents. The bill aims to create more consistency in affordable housing production across different types of District government-related entities by applying a uniform standard to property sales that have significant residential development potential.

Business and Industry, Health and Social Services

https://lims.dccouncil.gov/Legislation/B26-0015