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District of Columbia Code Division VII. Property. § 42-3508.01. Declaration of policy.

Current as of January 01, 2024 | Updated by Findlaw Staff

In order to assist in stimulating the expansion of the supply of decent, safe, and affordable rental housing for low- to moderate-income persons in the District, the Council declares as its policy that the Mayor and the Council shall:

(1) Use the District's bonding authority to provide low-interest financing for the construction of new rental units and the rehabilitation of vacant rental units; and

(2) Provide tax abatements and other incentives for the construction of new rental units and the rehabilitation of vacant rental units.

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Cite this article: FindLaw.com - District of Columbia Code Division VII. Property. § 42-3508.01. Declaration of policy. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vii-property/dc-code-sect-42-3508-01/

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