Bill > B26-0454

This bill provides temporary tax relief to Avanti Real Estate Services, LLC for their property located at 3421 14th Street, NW in Ward 1, Washington, DC. Specifically, in Fiscal Year 2026, the Chief Financial Officer is authorized to forgive up to $377,000 in real property taxes, interest, penalties, fees, and related charges for this specific property. The tax relief is contingent on the property being occupied by Avanti Real Estate Services, LLC and used to provide real estate and brokerage services with a focus on creating generational wealth through homeownership, employing District residents, and providing education and training for real estate industry careers. The bill also cancels any potential tax sales related to the forgiven tax delinquencies. The act will take effect after mayoral approval and a 30-day congressional review period, and it will automatically expire 225 days after taking effect, making it a temporary measure designed to support a local real estate business and its community-oriented goals.

https://lims.dccouncil.gov/Legislation/B26-0454