New D.C. legislation will make it harder — and more expensive — for blighted property to sit vacant

DC Legislation

 

It may soon be more expensive — and more difficult — for a property owner to slowly sit on vacant or blighted property in the District. The D.C. Council will take a final vote Nov. 15 on the Vacant Property Enforcement Act of 2016, which was unanimously approved in its first pass by the council on Nov. 1. The legislation, introduced by Councilwoman Elissa Silverman , I-At large, and co-introduced by nine colleagues, would reduce the maximum amount of time a vacant property can qualify for an exemption from higher vacancy tax rates, close a loophole that allows continuous renewal of construction permits to qualify for tax exemptions and require owners of vacant properties to prove they are no longer subject to the higher tax rates. Read more here!

 

http://www.bizjournals.com/washington/news/2016/11/07/dc-legislation-takes-aim-at-blighted-properties.html