(a) Notwithstanding Chapter 9 of Title 47 and Chapter 11 of this title , or its implementing rules under Chapter 5 of Title 9 of the District of Columbia Municipal Regulations (9 DCMR § 500 et seq. ), the OCFO shall:
(1) Not assess any recordation taxes against a Property Owner related to the Property Owner's first purchase of real property following a Property Owner's purchase of the Property; provided, that the purchase is made by December 31, 2028; and
(2) Forgive all real property taxes, including interest, penalties, fees, and other related charges, assessed against the Property from October 1, 2020, to September 30, 2025, and provide a refund of all real property taxes paid from October 1, 2020, to September 30, 2025, pursuant to § 47-811.02 ; except, that subsection (b) of that section shall not apply.
(1) Notwithstanding Chapter 28 of this title , the Mayor shall:
(A) Waive any requirement of § 42-2802.02 , or its implementing rules under Chapter 41 of Title 10-B of the District of Columbia Municipal Regulations (10-B DCMR § 4100 et seq. ), applicable to a Property Owner; and
(B) Forgive all outstanding debt secured by a Property Owner pursuant to a Housing Production Trust Fund loan that financed development costs of the Property.
(2) Any forgiveness of debt under paragraph (1) of this subsection shall not include any outstanding indebtedness of River East At Anacostia, LLC or Stanton View Development, LLC incurred in connection with the development of the Property.
(c) Notwithstanding subchapter I of Chapter 26 of this title , or its implementing rules under Chapter 25 of Title 14 of the District of Columbia Municipal Regulations (14 DCMR § 2500 et seq. ):
(1) The Mayor shall forgive the balance of any HPAP loan provided to a Property Owner to support the purchase of a Property condominium unit;
(2) A Property Owner shall be eligible for HPAP assistance of at least $70,000, subject to available funds through DHCD; and
(3) DHCD shall waive the HPAP income requirements if the Property Owner's income no longer meets the affordability criteria; provided, that the Property Owner would have qualified for HPAP on the date that DHCD certified the Property Owner to purchase a Property condominium unit.
(d) Any debt or loans forgiven pursuant to subsections (b) and (c) of this section shall not be considered income for tax purposes in the District.
(e) By May 15, 2024, DHCD shall provide written notice to each Property Owner that states whether the Mayor will forgive Housing Production Trust Fund loans and Home Purchase Assistance Program loans, and, if so, the amount of each loan that will be forgiven and the date by when the loans will be forgiven.
(1) Notwithstanding subchapter II-A of Chapter 10 of Title 6 , or its implementing rules under Chapter 22 of Title 14 of the District of Columbia Municipal Regulations (14 DCMR § 2200 et seq. ), or any Inclusionary Development or affordable housing covenant, a Property Owner who meets the criteria for a compliant inclusionary unit or ADU shall have access to an inclusionary unit or ADU set aside for non-lottery sale or rental on a first-come, first-served basis.
(2) A Property Owner receiving access to an inclusionary unit or ADU pursuant to paragraph (1) of this subsection shall be exempt from attending the IZ orientation and from completing the 8-hour homebuyer class as part of the IZ program.
(3) For any Property Owner receiving access to an inclusionary unit or ADU pursuant to paragraph (1) of this subsection, DHCD shall waive the household size and income requirements for an inclusionary unit, pursuant to section 2225 of Title 14 of the District of Columbia Municipal Regulations (14 DCMR § 2225), or ADU if the Property Owner's income no longer meets the affordability criteria; provided, that the Property Owner would have qualified for an inclusionary rental or for-sale unit or an ADU on the date that DHCD certified the Property Owner to purchase a Property condominium unit.
(g) DHCD shall prioritize Property Owners on waitlists it manages, or encourage the owners of properties on waitlists DHCD does not manage, to give priority to Property Owners for DHCD funded properties and other Low Income Housing Tax Credit properties; provided, that selections shall be made pursuant to the HUD Handbook 4350.3 REV-1 Ch. 3.
(h) DHCD shall update the grant agreement executed between the CA and the District, by and through DHCD, with an effective date of May 22, 2023, through September 30, 2023, to provide up to $150,000 to the CA to cover operations and expenses.
(i) The Mayor shall create a program to provide Property Owners who choose to rent or who do not qualify for homeownership with a rental option that provides up to 6 months of rental assistance that can be used for security deposit, first and last months' rent, or advanced rent. DHCD shall provide written notice to each Property Owner of the details of the rental option program by May 1, 2024.
(j) The Mayor shall allocate $300,000 to Property Owners for moving expenses and shall distribute the funding in equal amounts among the Property Owners.