District Of Columbia § 47-1005.02 - Nonprofit affordable housing developer tax relief.
Full text of District Of Columbia D.C. Code § 47-1005.02 — Nonprofit affordable housing developer tax relief., with citation guidance and answers to common questions.
§ 47-1005.02. Nonprofit affordable housing developer tax relief.
47-1005.02Property eligible for the low-income housing tax credit provided by section 42 of the Internal Revenue Code of 1986, approved October 22, 1986 (100 Stat. 2189; 26 U.S.C. § 42), (“affordable housing”) that is owned by an organization that is not organized or operated for private gain, or that is owned by an entity controlled, directly or indirectly, by such an organization, shall be exempt from the tax imposed by and from a payment in lieu of tax imposed under during the time that the real property is being developed for or being used as affordable housing and is subject to restrictive covenants governing income during the federal low-income housing tax credit compliance period, including any extended use period.
The conveyance of a property to an owner for which a certification as to both the property and owner has been made pursuant to subsection (b)(1) of this section (and that has not been revoked under subsection (b)(2) of this section) shall be exempt from the tax imposed by , and the transfer of any of property by an owner for which a certification as to both the property and owner has been made pursuant to subsection (b)(1) of this section (and that has not been revoked under subsection (b)(2) of this section) shall be exempt from the tax imposed by . Unless waived by regulation, a copy of the certification shall accompany the deed at the time it is submitted for recordation in order to claim an exemption.
The Mayor shall certify to the Office of Tax and Revenue (“OTR”) each owner and property eligible for an exemption. The certification shall identify:
The property to which the certification applies by square and lot, or parcel or reservation number;
The full legal name of the owner, including taxpayer identification number, that is eligible;
The tax or taxes to which the certification applies;
The portion of the property that is eligible;
The effective date of the exemption, which shall be the date on which the organization acquired the parcel, or October 1, 2012, whichever is later; and
Any other information OTR shall require to administer the exemption.
The Mayor shall notify OTR if any owner or property certified as eligible under paragraph (1) of this subsection becomes ineligible for the exemptions under subsection (a) of this section. The notification shall identify:
The property to which the notice applies by square and lot or parcel or reservation number;
The full legal name of the owner, including taxpayer identification number;
The tax or taxes to which the notice applies;
The portion of the property ineligible;
The date on which the taxpayer or property became ineligible; and
Any other information OTR shall require to administer the termination of the exemption.
OTR shall administer the exemption provided under this section in the same manner as the exemptions provided under , and properties exempted under subsection (a) of this section shall be subject to §§ , , and , except that an owner shall not be required to file an application with OTR to qualify for an exemption.
The grant of a tax exemption as provided in this section shall be in addition to, and not in lieu of, any other tax relief or assistance from any other source applicable to either the real property or its owner.
This section shall apply for real property tax years beginning after September 30, 2012.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-1005.02
What does D.C. Code § 47-1005.02 cover?
Section 47-1005.02 ("Nonprofit affordable housing developer tax relief.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 47-1005.02?
A common citation format is "D.C. Code § 47-1005.02" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 47-1005.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.