Reservoir District Tax Exemption Emergency Declaration Resolution of 2026

This resolution declares an emergency to amend a local tax code section, ensuring the financial stability of the Reservoir District housing project. The bill addresses a mismatch between current city housing rules and the financial projections used to approve the project's funding. By allowing the project to continue using specific income limits for rent calculations, the measure aims to prevent construction delays or cancellation. This change directly impacts the developers and residents involved in the Reservoir District, a public-private partnership transforming underused land in Washington, D.C.