District of Columbia § 42-3508.05 Distressed property improvement plan.

District of Columbia Statutes

§ 42-3508.05 — Distressed property improvement plan.

District of Columbia § 42-3508.05

Title 42Real Property.

Ch. 35Rental Housing Generally.

Subch. VIIINew and Vacant Rental Housing and Distressed Property.

This text of District of Columbia § 42-3508.05 (Distressed property improvement plan.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 42-3508.05 (2026).

Text

(a)Upon petition by the housing provider, the Mayor may initiate the development of a distressed property improvement plan utilizing any or all of the mechanisms in § 42-3508.04(b) . The development of the plan shall involve the participation of the housing provider, the tenants or tenants’ association and may include the mortgagor.

(b)A distressed property improvement plan may include, but not be limited to:

(1)A schedule of repairs and capital improvements;

(2)A schedule of services and facilities;

(3)A schedule of rents and rent increases;

(4)A schedule of mortgage payments which may reflect additional long-term loans to the housing provider for the housing accommodation;

(5)A schedule of additional capital investment in the housing accommodation by the housing pr

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Upon petition by the housing provider, the Mayor may initiate the development of a distressed property improvement plan utilizing any or all of the mechanisms in § 42-3508.04(b) . The development of the plan shall involve the participation of the housing provider, the tenants or tenants’ association and may include the mortgagor.

(b) A distressed property improvement plan may include, but not be limited to:

(1) A schedule of repairs and capital improvements;

(2) A schedule of services and facilities;

(3) A schedule of rents and rent increases;

(4) A schedule of mortgage payments which may reflect additional long-term loans to the housing provider for the housing accommodation;

(5) A schedule of additional capital investment in the housing accommodation by the housing provider; and

(6) A schedule of property tax payments, which may also reflect moratoria or deferrals on property tax payments and the abatement or deferral of up to 100% of any tax outstanding on the housing accommodation.

(c) In the development of the distressed property improvement plan, the Mayor may consider:

(1) The interests of tenants in achieving decent, safe, and sanitary housing at affordable rents;

(2) The long-term interest of the housing provider in achieving a sound investment and a reasonable return on the housing provider’s investment;

(3) The long-term interest of the mortgagor in achieving a financially secure mortgage; and

(4) The long-term interest of the District in achieving a decent, safe, and sanitary housing accommodation which is fiscally sound and which generates and pays its fair property tax assessment.