Bill > B26-0377

This bill amends the Rental Housing Act of 1985 to clarify that rental units participating in the Low-Income Housing Tax Credit (LIHTC) Program are exempt from the District of Columbia's rent stabilization program. Specifically, the bill modifies existing language to explicitly state that any rental unit receiving tax credits through the LIHTC Program is not subject to rent stabilization regulations. The LIHTC Program is a federal tax incentive designed to encourage the development of affordable housing by providing tax credits to developers who create rental housing for low-income households. The amendment is temporary, set to expire 225 days after taking effect, which means it will provide a short-term clarification of the rental unit's status. The bill will become effective after mayoral approval, a 30-day congressional review period, and follows standard legislative procedures for enactment in the District of Columbia.

https://lims.dccouncil.gov/Legislation/B26-0377