Relief for River East at Grandview Condominium Owners Temporary Act of 2024

This bill authorizes the District of Columbia Department of Housing and Community Development to provide financial relief and housing assistance to the owners of the River East at Grandview Condominiums. The legislation directs the department to give a grant to the Neighborhood Assistance Corporation of America to help these owners secure permanent housing, which includes forgiving loans from specific housing programs and offering affordable mortgage options that do not rely on credit scores. Additionally, the bill allows the transfer of $15 million from a public works project to fund this initiative and permits tax relief for owners purchasing their first home after the initial sale of the condominium units.