Housing (Housing Finance)

This temporary D.C. bill clarifies that rental units participating in the Low-Income Housing Tax Credit (LIHTC) program are exempt from the District’s rent stabilization rules. It amends the 1985 Rental Housing Act to explicitly include LIHTC units in the exemption, removing ambiguity about their status. The change directly affects housing providers who receive LIHTC tax credits, ensuring they are not subject to rent stabilization requirements. The law expires 225 days after enactment and does not create new policy - it only clarifies an existing exemption.