Extends the certification timeline for a nonprofit housing property and forgives taxes for the owner.

The bill extends the 12-month requirement for certification of a Nonprofit Workforce Housing Property for the residential apartment building at 2607 Connecticut Avenue NW. It grants the owner, 2607 Connecticut LLC, 36 months to meet certification requirements. If the property qualifies for exemption, all taxes assessed since January 23, 2023, will be forgiven and any payments made will be refunded. The act takes effect after approval by the Mayor and a 30-day congressional review period.

Extends the certification timeline for a nonprofit housing property and forgives taxes for the owner.

The bill extends the 12-month requirement for certification of a Nonprofit Workforce Housing Property for the residential apartment building at 2607 Connecticut Avenue NW. It grants the owner, 2607 Connecticut LLC, 36 months to meet certification requirements. If the property qualifies for exemption, all taxes assessed since January 23, 2023, will be forgiven and any payments made will be refunded. The act takes effect after approval by the Mayor and a 30-day congressional review period.