The District of Columbia Department of Housing and Community Development (DHCD) issued the Inclusionary Zoning (IZ) Program 2024-2025 Maximum Income, Rent and Purchase Price Schedule (Income and Price Schedule), which became effective upon its publication in the District of Colombia Register on Aug. 30, 2024.
The Income and Price Schedule establishes the minimum and maximum income limits for IZ rental and for-sale units at 50 percent, 60 percent and 80 percent of the Washington Metropolitan Statistical Area Median Family Income (MFI). The MFI issued by the U.S. Department of Housing and Urban Development on April 1, 2024, is $154,700 for a household of four. The Income and Price Schedule is also used for residential developments that include affordable dwelling units (ADUs) and therefore includes 30 percent, 100 percent and 120 percent MFI maximum and minimum income levels.
DHCD also issued its 2024 Consolidated Request for Proposals (RFP) for Affordable Housing Projects on Aug. 23, 2024. Projects have been divided into three categories:
- Category A – Bridge Funding for Distressed Properties
- Category B – Bridge Funding for Planned/Pipeline Development Projects
- Category C – 9 percent Low-Income Housing Tax Credits (LIHTC) and DC LIHTCs
The RFP provides the specific criteria and scoring that will be used to determine funding awards, as well as the various application requirements and deadlines.
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