Affordability

  • OverviewDC is growing, but with great success comes great responsibility. CM Bonds has worked to make sure that the people, businesses, and communities who suffered with us through the bad times can afford to remain now that city is prospering.
  • Bills Anita SupportedSenior Citizen Real Property Tax Relief Act of 2013, Minimum Wage Amendment Act of 2013, Disposition of District Land for Affordable Housing Amendment Act of 2013, Affordable Homeownership Preservation and Equity Accumulation Amendment Act of 2013, Hardship Green Grant and Rent Stabilization Act of 2014, Standard Deduction Adjustment Act of 2013, Tenant Bill of Rights Act of 2013, Housing Production Trust Fund Baseline Funding Act of 2014

Legislation

Senior Citizen Real Property Tax Relief Act of 2013: This bill authored by Councilmember Bonds eliminates the burden of property taxes for those District residents who are 70 years or older, have lived in the city for 25 years or more, makes less than $60,000 in adjusted gross income.

Minimum Wage Amendment Act of 2013: This law co-sponsored by Councilmember Bonds increases the minimum wage in the District to $11.50 in three annual steps, and requires the minimum wage to increase with the cost of living, by tying the rate increase to the Consumer Price Index.

Disposition of District Land for Affordable Housing Amendment Act of 2013: Co-sponsored by Anita Bonds, this bill establishes affordable housing set-aside requirements when District-owned land is being disposed for the development of multi-family residential projects. A 30% affordable housing set-aside is required for projects that qualify as transit-oriented development, and 20% for other land development.

Affordable Homeownership Preservation and Equity Accumulation Amendment Act of 2013: Currently awaiting vote, this bill, authored by Councilmember Bonds, revises the resale restrictions associated with affordable for-sale units to preserve affordable units in high costs areas and maximizes the equity appreciation for homeowners who purchase units in distressed neighborhoods.

Hardship Green Grant and Rent Stabilization Act of 2014: Currently under review, this legislation authored by Councilmember Bonds provides residential building owners with at least 20 rental units or more a grant to cover up to 95% of the costs of installing a green roofs or energy efficient materials, if owners maintain existing rents for at least 3 years.

Standard Deduction Adjustment Act of 2013: Authored by Councilmember Bonds, this bill seeks to adjust the standard deduction to $12,000 for single individual filers and $6,000for married persons filing separately, beginning in tax year 2015, for those that have a gross annual income of $40,000 or less.

Tenant Bill of Rights Act of 2013: This law, co-sponsored by Councilmember Bonds, requires a housing provider to provide tenants with a Tenant Bill of Rights, detailing their rights as a tenant in the District.

Housing Production Trust Fund Baseline Funding Act of 2014: This bill requires that the Housing Production Trust Fund be funded at a minimum of $100 million annually. The HPTF fund is the District’s premier tool for producing and preserving affordable housing.