District of Columbia § 47-3507 Certification of program providing low income rental housing.

District of Columbia Statutes

§ 47-3507 — Certification of program providing low income rental housing.

District of Columbia § 47-3507

Title 47Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

Ch. 35Lower Income Homeownership Tax Abatement and Incentives.

This text of District of Columbia § 47-3507 (Certification of program providing low income rental housing.) 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 § 47-3507 (2026).

Text

For the purposes of qualifying for the depreciation deduction provided by 26 U.S.C. § 167(k)(2)(B)  , an investor in a shared equity financing agreement, which qualifies for the benefits provided by the Lower Income Homeownership Tax Abatement and Incentives Act of 1983, and who meets the other requirements of 26 U.S.C. § 167(k)(2)(B)  , shall be deemed to have conducted rehabilitation pursuant to a program certified by the District of Columbia government if the investor certifies to the Mayor the amount of the rehabilitation expenditures.

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For the purposes of qualifying for the depreciation deduction provided by 26 U.S.C. § 167(k)(2)(B) , an investor in a shared equity financing agreement, which qualifies for the benefits provided by the Lower Income Homeownership Tax Abatement and Incentives Act of 1983, and who meets the other requirements of 26 U.S.C. § 167(k)(2)(B) , shall be deemed to have conducted rehabilitation pursuant to a program certified by the District of Columbia government if the investor certifies to the Mayor the amount of the rehabilitation expenditures.