What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
The DC Council Bill to Combat Displacement
✉️ Want to forward this article? Click here.
In light of potential large-scale development East of the River and the upcoming elections of councilmembers At-Large and in Wards 7 and 8, a lot of conversation in the community has centered around ensuring that current residents of those wards are able to enjoy the redevelopment rather than be displaced by it.
One way that the DC Council has responded to this concern is with the introduction of the Displacement Prevention Amendment Act of 2016. Proposed in early April by At-Large Councilmember Elissa Silverman and Ward 8 Councilmember LaRuby May, the bill will designate displacement risk zones to target additional tax relief and resources via a newly-established Displacement Prevention Assistance Fund.
story continues below
loading...story continues above
If the bill is enacted, residents of displacement risk zones will be able to potentially double their Schedule H tax credits starting in 2019. The established fund would administer competitive grants to nonprofits to be used to enforce housing codes and otherwise offer residents assistance to prevent their displacement, be it through legal counseling on tenants’ rights, negotiations with landlords, foreclosure intervention, or creating tenant associations.
The bill identifies the portion of Congress Heights surrounding St. Elizabeth’s as the first displacement risk zone, with the idea that other risk zones will be identified as needed.
Over half of the city’s councilmembers have co-sponsored the bill and a notice of Intent to Act was filed in the DC Register. It is currently under review by the council and is still subject to mayoral and congressional approval if passed.
See other articles related to: affordable housing, affordable housing dc, congress heights, dc city council, east of the river, st. elizabeth's
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_dc_council_bill_to_combat_displacement/11300.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro