District of Columbia

The Housing Leaders Group of Greater Washington launched a $1 billion Capital Regional Housing Challenge, that encourages the D.C. region’s public and private sectors to each add $500 million in affordable housing investments above their current baseline by the end of 2020.

In Mayor Muriel Bower’s State of the District Address, she announced an additional $55 in spending in programs to create or preserve affordable housing. “We are very focused on housing,” Bowser told the council during a budget presentation. “What we heard from residents across the city is that is the most significant pinch point.” The […]

The Bowser Administration shared feedback received from a web-based survey regarding where to locate Opportunity Zones, a new designation that provides tax incentives to encourage investment in low-income areas.

The credit would offset District of Columbia income taxes equal to 33% of the investment up to $1 million. The bill was introduced last week and is sponsored by five District Councilmembers.

District of Columbia Sustainable Energy Utility (DCSEU) is offering enhanced rebates for all chiller projects scheduled for installation by May 1, 2015.

The District of Columbia’s fiscal year (FY) 2015 Budget Support Emergency Act, which became effective on October 1, 2014, implements a low-income housing tax credit (LIHTC) for the District of Columbia.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

In his State of the City speech earlier this year, Washington, DC Mayor Vincent Gray pledged $100 million towards affordable housing for the District of Columbia. The plan that will guide the administration’s affordable housing efforts was recently unveiled. “Bridges to Opportunity: A New Housing Strategy for DC” was produced by a task force appointed by the Mayor in 2012 and proposes three broad strategic goals and 24 Action Items to achieve those goals.

The National Housing & Rehabilitation Association, in association with the National Trust Community Investment Corporation, honored developers, architects and historic preservation professionals that brought new life to ten historic buildings through its awarding of the 2012 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

The District of Columbia Historic Preservation Office (HPO) recently announced the publication of a study entitled “Leveraging Federal Economic Development Resources with State Historic Rehab Tax Credits”.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The National Housing & Rehabilitation Association (NH&RA) has announced five winners and ten finalists across ten competitive categories for this year’s J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy Awards” will be presented at an awards luncheon and ceremony on Tuesday, October 30 at the Langham Hotel in Boston, Massachusetts, held in conjunction with the association’s Annual Fall Developers Forum. The winners and finalists represent fourteen different communities in ten states””Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Oklahoma, Pennsylvania, Tennessee, Virginia””as well as the District of Columbia.