Housing in Downtown Tax Abatement Congressional Review Emergency Amendment Act of 2024

This bill amends the rules for granting tax breaks on downtown housing projects in Washington, D.C., to ensure they are awarded through a competitive process rather than at the Mayor's sole discretion. It also introduces stricter requirements for developers by setting a 24-month deadline to receive a building permit after receiving initial approval, with limited extensions allowed only if construction has begun or delays were caused by factors outside the developer's control. Additionally, the legislation simplifies how tax abatement amounts are calculated and ensures that exemptions for tenants wishing to buy their current homes are properly recorded. These changes are designed to address specific issues identified during a congressional review and will remain in effect for up to 90 days after becoming law.