Section 47-4625 - Kelsey Gardens redevelopment project(a) The real property taxes imposed by Chapter 8 of this title [§ 47-801 et seq.] with respect to the real property described as Lots 67 and 68, Square 421, in the tax records of the District of Columbia as of [December 17, 2009], shall be abated in the amount in excess of the amount of the real property taxes imposed on the property as of October 1, 2009; provided, that the improvements on the real property project shall: (1) Contain no less than 54 units of affordable housing for residents making 60% or less of current area median income;(2) Contain approximately 13,363 square feet of ground-level retail space; and(3) Have secured a mortgage from the U.S. Department of Housing and Urban Development or any other commercial mortgage entity for the development of this project.(b) The real property tax abatement provided in subsection (a) of this section shall expire at the stated maturity date of a mortgage from the U.S. Department of Housing and Urban Development or in the event of other commercial financing the tax abatement commences with fiscal year 2010 and ends with the stated expiration date of the initial permanent mortgage without regard to prepayment or earlier termination; provided, that compliance with use restrictions provided in subsection (a) of this section continues following any such prepayment or earlier termination. Dec. 17, 2009, D.C. Law 18-97, § 2(b), 56 DCR 8528; Mar. 31, 2011, D.C. Law 18-343, § 2, 58 DCR 628; Sept. 14, 2011, D.C. Law 19-21, § 7102, 58 DCR 6226; Feb. 26, 2015, D.C. Law 20-155, § 7112, 61 DCR 9990.Section 3 of D.C. Law 18-97, as amended by section 7032 of D.C. Law 18-223, provided:
"Sec. 3. Applicability.
"(a) This act shall apply in fiscal years 2010, 2011, and 2012.
"(b) This act shall apply in fiscal year 2013 and later fiscal years upon the inclusion in an approved budget and financial plan of the fiscal effect of this act in those fiscal years."
Section 7102(b) of D.C. Law 19-21 repealed section 7032 of D.C. Law 18-223.
Applicability of D.C. Law 20-155: Section 7113 of D.C. Law 20-155 provided that the amendment of subsection (a)(2) of this section shall apply as of December 17, 2009.