District Of Columbia § 47-4610 - Georgia Commons; Lots 848 and 849, Square 2906.
Full text of District Of Columbia D.C. Code § 47-4610 — Georgia Commons; Lots 848 and 849, Square 2906., with citation guidance and answers to common questions.
§ 47-4610. Georgia Commons; Lots 848 and 849, Square 2906.
47-4610For the purposes of this section, the term:
“Affordable Units” means units affordable to households with incomes not exceeding 80% of the median income of the Washington, D.C. metropolitan statistical area, as determined annually by the United States Department of Housing and Urban Development, or its successor agency.
“Georgia Commons” means a mixed-use residential and retail project located on the property described for assessment and taxation purposes as Lots 848 and 849, Square 2906.
“Housing Element” means, with respect to Georgia Commons, a condominium regime consisting of 130 multi-family rental units.
“Retail Element” means, with respect to Georgia Commons, a condominium regime consisting of approximately 21,000 square feet of commercial or retail space and parking.
The Housing Element shall be entitled to the exemption provided by subsection (c) of this section and the abatement provided by subsection (d) of this section so long as at least 57 of the units of the Housing Element are Affordable Units.
Beginning on the date of the transfer of the ownership of Lots 848 and 849, Square 2906, from the District of Columbia to a private owner, the Housing Element shall be exempt from real property taxes imposed by until the first day of the half tax year immediately following the date on which the Housing Element passes the final inspection necessary for the certificate of occupancy to issue; provided, that the private owner shall diligently and expeditiously take all actions necessary to pass all inspections necessary for the certificate of occupancy to issue.
Subject to paragraph (2) of this subsection, the Housing Element shall receive an annual credit of $183,000 against real property taxes imposed by beginning with the first day of the half tax year immediately following the date on which the Housing Element passes the final inspections necessary for the certificate of occupancy to issue and ending on the date that is the last day of the half tax year immediately following the earlier of:
The passage of 40 years; or
The date on which the Housing Element does not have at least 57 Affordable Units.
The annual credit against real property tax granted under this subsection:
Shall not exceed the annual real property taxes imposed on the Housing Element; and
Shall be apportioned equally between half-year installments.
For the purposes of , the private owner shall have a duty to inform the Office of Tax and Revenue when the Housing Element is no longer entitled to the exemption granted by subsection (c) of this section or the abatement granted by subsection (d) of this section.
Beginning on the date of the transfer of the ownership of Lots 848 and 849, Square 2906, from the District of Columbia to a private owner, the Retail Element shall be exempt from real property taxes imposed by until the first day of the half tax year immediately following the date on which the Retail Element passes the final inspection necessary for the certificate of occupancy to issue; provided, that the private owner shall diligently and expeditiously take all actions necessary to pass all inspections necessary for the certificate of occupancy to issue.
Subject to paragraph (2) of this subsection, the Retail Element shall receive an annual credit of $145,148 against real property taxes imposed by beginning with the first day of the half tax year immediately following the date on which certificates of occupancy have been issued for all of the rentable space in the Retail Element and ending on the date that is the last day of the half tax year immediately following the earlier of:
The passage of 25 years; or
The date on which the Retail Element is no longer used for commercial or rental space.
The annual credit against real property taxes granted by this subsection:
Shall not exceed the annual real property taxes imposed on the Retail Element; and
Shall be apportioned equally between half-year installments.
For the purposes of , the private owner shall have a duty to inform the Office of Tax and Revenue when the Retail Element is no longer entitled to the exemption granted by subsection (f) of this section or the abatement granted by subsection (g) of this section.
The exemptions and abatements provided by this section shall run with Lots 848 and 849, Square 2906 and shall apply to any subsequent owner or assignee or successor in interest of Georgia Commons.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-4610
What does D.C. Code § 47-4610 cover?
Section 47-4610 ("Georgia Commons; Lots 848 and 849, Square 2906.") 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 § 47-4610?
A common citation format is "D.C. Code § 47-4610" (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 § 47-4610 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.