B 26-0681

                                                                      ENROLLED ORIGINAL
                                            AN ACT
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                   IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
                                 _________________________
To amend, on an emergency basis, Chapter 46 of Title 47 of the District of Columba Official
      Code to designate the property as affordable housing for which Fair Market Rents, as
      calculated by the US Department of Housing and Urban Development, apply.
       BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
act may be cited as the “Reservoir District Tax Exemption Emergency Amendment Act of
2026”.
       Sec. 2. Chapter 46 of Title 47 of the District of Columbia Official Code is amended as
follows:
       (a) Section 47-4683 is redesignated as section 47-4684.
       (b) The second section 47-4682 is redesignated as section 47-4683.
       (c) Section 47-4683(b)(2) is amended to read as follows:
               “(2) Set aside 1/3 of the operating rental housing units in the Property as
affordable as defined by 26 U.S.C. § 42(g)(2)(A). The units designated as affordable will be
available to households qualifying for the 80 Percent Income Limit Category of the Multifamily
Tax Subsidy Project Income Limits for the Washington-Arlington-Alexandria, DC-VA-MD
HUD Metro Fair Market Rent Area as reported annually by the US Department of Housing and
Urban Development and made in a manner consistent with 26 U.S.C. § 142(d)(2)(B).
       Sec. 3. Fiscal impact statement.
       The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact
statement required by section 4a of the General Legislative Procedures Act of 1975, approved
October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).
      Sec. 4. Effective date.
      This act shall take effect following approval by the Mayor (or in the event of veto by the
Mayor, action by the Council to override the veto), and shall remain in effect for no longer than
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                                                                    ENROLLED ORIGINAL
90 days, as provided for emergency acts of the Council of the District of Columbia in section
412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788;
D.C. Official Code § 1-204.12(a)).
              ___________________________________
              Chairman
              Council of the District of Columbia
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Mayor
District of Columbia
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