Displacement Prevention Amendment Act of 2024

The Displacement Prevention Amendment Act of 2024 expands a tax credit for homeowners and renters living in specific census tracts identified as being at risk of displacement. This change allows residents in those areas to claim up to twice the standard amount of the District's Property Schedule H Tax Credit for tax years starting after December 31, 2025. The bill applies only to people whose primary residence is located in designated census tracts within the District of Columbia. By increasing the available tax credit, the legislation aims to provide greater financial relief to households in these targeted neighborhoods.