District of Columbia Releases Regulations for the Housing in Downtown Tax Abatement
The Office of the Deputy Mayor for Planning and Economic Development (DMPED) for the District of Columbia issued regulations effectuating the Housing in Downtown Tax Abatement (Abatement) on March 22, 2024. The regulations implement the provisions of the recently approved Abatement that authorize the mayor to approve real estate tax abatements as an incentive for the development of residential use in an area more broadly described as the District's downtown.
The Abatement regulations and the Abatement's application portal can be found online.
If you have any questions regarding the Abatement program, please contact any member of Holland & Knight's Mid-Atlantic Land Use Team.
Information contained in this alert is for the general education and knowledge of our readers. It is not designed to be, and should not be used as, the sole source of information when analyzing and resolving a legal problem, and it should not be substituted for legal advice, which relies on a specific factual analysis. Moreover, the laws of each jurisdiction are different and are constantly changing. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. If you have specific questions regarding a particular fact situation, we urge you to consult the authors of this publication, your Holland & Knight representative or other competent legal counsel.