Section 10-B5900. GENERAL PROGRAM DESCRIPTION

 

The Tax Abatements for New Residential Development Program is intended to provide tax abatements as incentives for the production of new housing downtown and for the production of affordable, mixed-income housing in high-cost areas of the District of Columbia. The tax abatements are targeted to three areas of eligibility as defined below. In general, these three areas are the downtown area (including the area between New Hampshire Avenue on the west and Delaware Avenue on the east), the NoMa area, and the remainder of the District of Columbia where rents are projected to be greater than 120% of fair market rents.

 

source

Final Rulemaking published at 50 DCR 553 (January 17, 2003).