D.C. Mun. Regs. tit. 10-B, § 6406
Affordability Covenant
Effective Feb 18, 202269 DCR 001348Authority: Section 2062 of the Tax Abatements for Affordable Housing in High-Needs Areas Amendment Act of 2020, (the “Act”), effective December 3, 2020 (D.C. Law 23-149; D.C. Official Code § 47-859.06), and Mayor’s Order 2021-040, dated March 24, 2021. Source: Final Rulemaking published at 69 DCR 001348 (February 18, 2022).District of Columbia, Office of the Secretary
6406.1 Prior to the issuance of the tax abatement certification by DHCD, the developer shall file an affordability covenant in the land records, which shall be binding on the developer and all of its successors, including assigns in interest with respect to the development, covenanting to comply with the requirements of D.C. Official Code § 47-859.06(a)(3).
6406.2 The affordability covenant shall include the following:
- (a) The affordable residential units shall meet the square footage, design, material, finish, amenity, and other requirements of, and be administered pursuant to the same rules and standards that apply to, Inclusionary Units, including Title 14, Chapter 22 of the DCMR;
- (b) The time period during which each affordable residential unit must be maintained as an affordable residential unit;
- (c) The number of affordable residential units required to be included and maintained as part of the development;
- (d) The method by which the income of a household residing in an affordable residential unit will be calculated;
- (e) The maximum allowable Median Family Income level for each affordable residential unit, and that the maximum allowable rents and maximum allowable incomes will be determined by the then-current Inclusionary Zoning price schedule;
- (f) Requirements for annual re-certification of household income and size for each affordable residential unit;
- (g) Initial designation of the affordable residential units; and
- (h) The process for redesignating affordable residential units if a household's income exceeds the maximum allowable income for the unit upon lease renewal.
SOURCE: Final Rulemaking published at 69 DCR 001348 (February 18, 2022).