The Reservoir District Tax Exemption Amendment Act of 2026 amends affordable housing provisions for the Reservoir District.
The Reservoir District Tax Exemption Amendment Act of 2026 modifies the Reservoir District's affordable housing requirements. It mandates setting aside one-third of the operating rental housing units as affordable, applying Fair Market Rents as calculated by the US Department of Housing and Urban Development. These affordable units will be available to households qualifying for the 80 Percent Income Limit Category of the Multifamily Tax Subsidy Project. The act takes effect following approval by the Mayor and a 30-day congressional review period.
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