District of Columbia legislation · 26th Council
District of Columbia B597: Housing Production Omnibus Amendment Act of 2026
Status: In committee, October 19, 2026
As introduced, Bill 26-0597 would replace the existing Housing Production Trust Fund and related programs with a unified master fund. The Housing Opportunity Fund is organized into sub-accounts dedicated to specific policy purposes which include: housing production, affordable housing subsidy, preservation, tenant purchase support and District acquisition.
What the bill says
To amend the District of Columbia Retirement Reform Act of 1979 to authorize the District of Columbia Retirement Board to establish goals and procedures for investment in real property in the District of Columbia with an emphasis on multifamily real estate and affordable housing; to amend § 16-1311 to include housing development in high-need areas as an authorized municipal use for condemnation proceedings; to establish the Land Purchase Partnership Program for the production or preservation of affordable housing and support of tenant purchases…
From the introduced text, February 18, 2026:
to amend the District of Columbia Retirement Reform Act of 1979 to authorize the District of Columbia Retirement Board to establish goals and procedures for investment in real property in the District of Columbia with an emphasis on multifamily real estate and affordable housing; to amend § 16-1311 to include housing development in high-need areas as an authorized municipal use for condemnation proceedings; to establish the Land Purchase Partnership Program for the production or preservation of affordable housing and support of tenant purchases; to amend the District of Columbia Housing Finance Agency Act to authorize the Housing Finance Agency to establish a revolving construction loan fund; to amend the Rental Housing Conversion and Sale Act of 1980 to apply the District's Opportunity to Purchase for housing accommodations otherwise exempt from the Tenant Opportunity to Purchase Act within the first 15 years after construction; and to amend § 47-1005.03 to clarify Nonprofit Workforce Housing Properties eligibility. TABLE OF CONTENTS TITLE I. HOUSING OPPORTUNITY FUND. ............................................................................. SUBTITLE A. HOUSING OPPORTUNITY FUND. .................................................................... Sec. 101. Short title. ........................................................................................................................ Sec. 102. Definitions. ...................................................................................................................... Sec. 103. Housing Opportunity Fund established. .......................................................................... Sec. 104. Fund organization............................................................................................................ Sec. 105. Apportionment of deposits and appropriations. .............................................................. Sec. 106. Reallocations and reprogrammings. ................................................................................ Sec. 107. Regular audits; report on reasonable fees. .................................................................... Sec. 108. Use of Fund for stabilization. …