D.C. Mun. Regs. tit. 10, r. 10-B6407

Current through Register Vol. 71, No. 36, September 6, 2024

Rule 10-B6407 - ONGOING AFFORDABLE HOUSING REQUIREMENTS

6407.1

To continue to be eligible to receive the tax abatement provided by this chapter and the Act:

(a) At least one third (1/3) of the housing units in the development shall, for the duration of the tax abatement period, be affordable to and rented by households that earn one hundred percent (100%) of the Median Family Income;

(b) The average Median Family Income of these households that occupy the one third (1/3) of the housing units described in paragraph (a) of this subsection shall be no greater than eighty percent (80%) of the Median Family Income.

6407.2

At the time of each lease execution for an affordable residential unit, the developer shall calculate the average household income for all housing units considered under the one-third (1/3) requirement described in section 6402.1(b). If such average household income exceeds eighty percent (80%) of the Median Family Income, the real property on which the development is located shall become ineligible to receive a tax abatement under this chapter.

6407.3

Operation of the affordable residential units, including calculation of incomes, maximum allowable rents, renewals, and re-certifications of income and household size, shall follow the rules and standards of the Inclusionary Zoning Program, including re-designation of units if a household's income exceeds the maximum allowable income upon lease renewal.

D.C. Mun. Regs. tit. 10, r. 10-B6407

Final Rulemaking published at 68 DCR 1348 (2/18/2022)