Bill > PR26-0376

This resolution is an emergency declaration by the District of Columbia Council to authorize the Chief Financial Officer to forgive up to $377,000 in real property taxes, interest, penalties, and related charges for a specific property owned by Avanti Real Estate Services, LLC, located at 3421 14th Street, N.W. The resolution stems from legislation initially introduced by Councilmember Nadeau in July 2024 and subsequently reintroduced in the current council period, with an amendment passed during the Fiscal Year 2026 Budget Support Act. The purpose of the tax relief is to support Avanti Real Estate Services, a company focused on creating generational wealth through homeownership, employing District residents, and providing education and training opportunities in the real estate industry. The Council determines that these circumstances constitute an emergency, allowing the resolution to be adopted after a single reading and taking effect immediately upon passage.

https://lims.dccouncil.gov/Legislation/PR26-0376