1. (a) There is established a District of Columbia low-income housing tax credit.
2. (b) [Repealed].
3. (c) [Repealed].
4. (d) The Department may award District of Columbia low-income housing tax credits to qualified projects or eligible projects in accordance with § 47-4803.

5. (e) The total credits available for the Department to award are as follows:

   1. (1) In Fiscal Year 2025, $8,575,000;
   2. (2) In Fiscal Year 2026, $8,750,000;
   3. (3) In Fiscal Year 2027, $8,925,000;
   4. (4) In Fiscal Year 2028, $9,100,000; and
   5. (5) In each subsequent fiscal year, 105% of the total credits available for award in the prior fiscal year.

History

Feb. 26, 2015, D.C. Law 20-155, § 7142(b), 61 DCR 9990

Oct. 22, 2015, D.C. Law 21-36, § 7047, 62 DCR 10905

Oct. 8, 2016, D.C. Law 21-160, § 7132

Dec. 3, 2020, D.C. Law 23-149, § 7202(c)

Sept. 18, 2024, D.C. Law 25-217, § 2162(b)

Dec. 31, 2025, D.C. Law 26-80, § 401(b)

Emergency Legislation

For temporary (90 days) amendment of this section, see § 7017 of the Fiscal Year 2016 Budget Support Emergency Act of 2015 (D.C. Act 21-127, July 27, 2015, 62 DCR 10201).

For temporary (90 days) amendment of this section, see § 2162(b) of Fiscal Year 2025 Budget Support Emergency Act of 2024 (D.C. Act 25-506, July 15, 2024, 71 DCR 8406).

Effect of Amendments

The 2015 amendment by D.C. Law 21-36 substituted “tax year 2016” for “tax year 2015” in (a)(2).