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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) No less frequently than annually, the Office of the Chief Financial Officer of the District of Columbia shall calculate and publish the District of Columbia median family income on the basis of household size.
(b) Affordable housing development projects that are publicly financed or subsidized by the District of Columbia shall be marketed utilizing affordability data expressed both in terms of area median income and actual income.
(c) When expressing data about affordable housing, the District of Columbia shall reference levels of affordability both in terms of area median income and actual income.
(d) The District's affordable housing database shall track affordable housing both by area median income and District of Columbia median family income.
(e) A tax abatement financial analysis required by Chapter 47 of Title 47 for the subsidy of affordable housing shall include the calculation of levels of housing affordability in terms of area median income, actual income, and District of Columbia median family income.
Cite this article: FindLaw.com - District of Columbia Code Division VII. Property. § 42-2151.02. Calculation and reporting of affordability. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vii-property/dc-code-sect-42-2151-02/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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