Reservoir District Tax Exemption Amendment Act of 2026

This bill amends the District of Columbia's tax code to ensure that the Reservoir District development project can continue using specific income limits set by the federal government to determine which residents qualify for affordable housing units. The legislation addresses a discrepancy between local zoning rates and federal standards that could otherwise make the project financially unviable, potentially delaying the construction of new homes and a grocery store. By clarifying that the project must adhere to the 80 percent income limit category established by the Department of Housing and Urban Development, the bill aims to secure the project's funding and allow it to proceed as planned.