Renter Tax Credit Expansion Amendment Act of 2025

The Renter Tax Credit Expansion Amendment Act of 2025 creates a standalone tax credit for District of Columbia renters, separate from the existing homeowner credit. It ties the credit amount to local housing costs using Small Area Fair Market Rents (instead of the Consumer Price Index), expands eligibility to include unhoused individuals and those in temporary housing, and allows renters with credits over $1,200 to receive monthly payments. The bill sets income eligibility at 60% of the Area Median Income, directly benefiting low-income renters - particularly Black and Hispanic renters - who spend over 30% of their income on housing. This policy change aims to increase housing affordability and financial stability for District residents facing severe rent burdens.