The River East at Grandview Homeownership Relief and Restoration Amendment Act of 2026 aims to provide housing relief to certain owners and former owners of the River East at Grandview Condominiums. The bill establishes eligibility for Home Purchase Assistance Program (HPAP) grants for individuals who purchased a condominium unit between July 2017 and March 2019 and no longer own that unit. It also includes provisions to convert existing HPAP loans into grants for these individuals, allowing them to receive up to $50,000 towards the mortgage principal balance of a new primary residence in the District of Columbia. Additionally, the bill shortens the affordability covenant period for Inclusionary Zoning (IZ) and Accessory Dwelling Unit (ADU) ownership units to 15 years for former owners.

To facilitate the implementation of these provisions, the Department of Housing and Community Development (DHCD) is tasked with reporting annually on the number of individuals receiving relief, the total amount of relief provided, and any challenges faced in the process. The bill also includes tax considerations, stating that any amounts received under this section will be excluded from District gross income. The act is set to sunset after December 31, 2032, ensuring that the relief measures are temporary and subject to review.