Housing Opportunity, Mobility, Equity, and Stability (HOMES) Omnibus Amendment Act of 2026

The HOMES Omnibus Amendment Act of 2026 is a comprehensive housing package designed to address affordability and supply issues in the District of Columbia by modernizing financing, preserving existing units, and creating new pathways to homeownership. Key provisions include updating tax increment financing to support multiple housing areas, establishing a program to convert vacant and blighted properties into affordable housing, and launching a lease-purchase pilot to help residents transition into ownership. The bill also introduces tax credits for first-time homebuyers, streamlines zoning for small-scale infill development, provides gap financing for stalled construction projects, and creates an advisory council to improve the efficiency of the permitting process. These measures collectively aim to increase housing production, stabilize neighborhoods, and reduce barriers for residents seeking stable housing.