Also known as DC’s Lower-Income Homeownership Exemption Program, it provides an exemption from the DC 1.1% (or 1.45% depending on the purchase price) Recordation Tax and an allowable credit from the seller(s) of 1.1% (or 1.45% depending on the purchase price) equal to the DC Transfer Tax.
Additionally, the program provides a five-year real estate tax abatement that begins October 1 following your date of closing.
Below are the income limitations required to qualify for the program as of October, 2019.
Lower Income/Shared Equity Homeownership Exemption:
| Persons In Household | Household Income Limits |
| 1 | $65,220 |
| 2 | $74,520 |
| 3 | $83,820 |
| 4 | $93,120 |
| 5 | $100,620 |
| 6 | $108,060 |
| 7 | $115,500 |
| 8 | $122,940 |
Economic Development Zones/Lower Income Hownership Exemption:
| Persons In Household | Household Income Limits |
| 1 | $93,400 |
| 2 | $106,750 |
| 3 | $120,100 |
| 4 | $133,450 |
| 5 | $141,750 |
| 6 | $141,750 |
| 7 | $141,750 |
| 8 | $141,750 |
Note the purchase price of the property shall not exceed $479,066.
For more on income limitations and the DC Tax Abatement Program, please see the Office of Tax and Revenue’s page here.
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