In order to assist in stimulating the expansion of the supply of decent, safe, and affordable rental housing for low- to moderate-income persons in the District, the Council declares as its policy that the Mayor and the Council shall: Use the District’s bonding authority to provide low-interest financing for the construction of new rental units and the rehabilitation of vacant rental units; and Provide tax abatements and other incentives for the construction of new rental units and the rehabilitation of vacant rental units.
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