Housing Production Omnibus Amendment Act of 2026

The Housing Production Omnibus Amendment Act of 2026 replaces the District of Columbia's Housing Production Trust Fund with a new Housing Opportunity Fund, organized into five dedicated funding streams: building new housing, subsidizing deeply affordable units, preserving existing affordable housing, supporting tenant purchases of buildings, and using public land for housing development. Key provisions include allowing the District's retirement funds to invest in local housing projects, giving the government more authority to acquire land in high-need areas, and creating a revolving loan fund to quickly finance projects on public land. The bill also sets minimum affordability periods for housing units supported by the fund and updates tenant purchase programs to help residents buy their buildings. This legislation directly affects D.C. residents seeking affordable housing, developers, and tenant groups by restructuring how housing funds are managed and distributed.