D.C. Mun. Regs. tit. 10, r. 10-B6404

Current through Register Vol. 71, No. 36, September 6, 2024

Rule 10-B6404 - APPLICATION REVIEW AND RESERVATION PROCESS

6404.1

DHCD shall review each application submitted in accordance with the standards of the competitive process and this chapter.

6404.2

Within thirty (30) business days after receiving an application, DHCD shall review the application and approve the application, deny the application, or request additional information from the applicant.

6404.3

If DHCD approves an application, DHCD shall transmit a reservation letter to the developer that:

(a) Confirms the development is eligible for the applicable tax abatement and that DHCD has reserved a tax abatement for the project;

(b) States the annual dollar amount of the abatement;

(c) Lists the project development milestones that must be met by dates certain to not forfeit the tax abatement reservation; and

(d) Details the information required and process to request a tax abatement certification.

6404.4

If an application is submitted that is not complete, DHCD shall transmit to the developer a request for the additional information required for consideration of the application.

6404.5

If DHCD denies an application, DHCD shall transmit to the developer a denial letter which shall state the reason for the denial.

6404.6

DHCD shall deny an application if:

(a) The amount of the tax abatement requested exceeds the maximum amount set forth in Section 6401.1;

(b) The development is ineligible for the abatement; or

(c) The development is not approved for the tax abatement based on the competitive process.

D.C. Mun. Regs. tit. 10, r. 10-B6404

Final Rulemaking published at 68 DCR 1348 (2/18/2022)