C100 Testimony DC Council FY2021 Budget Tax Abatement

Kirby Vining

The Budget Support Act of the Mayor’s FY2021 budget contains a proposed 40-year tax abatement for housing projects in four specified areas of the city on the condition that the projects, containing 350 or more housing units, also provide 30% of the units at the 80% MFI level. 80% MFI is by all accounts market rate housing, so there is no justification for providing such a bonus for housing that is not addressing affordable housing needs at all and is in fact continuing an apparent policy of providing help to sectors of the housing market that do not need it or deserve it.