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 converts existing HPAP loans for these individuals into grants, limits the affordability covenant period for Inclusionary Zoning (IZ) and Affordable Dwelling Units (ADU) to 15 years, and mandates the Department of Housing and Community Development (DHCD) to submit annual reports to the Council regarding the relief provided.

Additionally, the bill includes a provision to exempt relief from District income tax for certain debt forgiveness related to the HPAP loans. The DHCD is tasked with awarding grants of up to $50,000 to eligible individuals for mortgage assistance on their primary residence, while also prioritizing those purchasing IZ or ADU units. The act is set to sunset after December 31, 2032, and the DHCD is required to report on the implementation and challenges of the program annually through Fiscal Year 2032.