The Housing Investment Efficiency and Accountability Act of 2026 aims to enhance the administration of the Low-Income Housing Tax Credit (LIHTC) program in the District of Columbia by designating the District of Columbia Housing Finance Agency (DCHFA) as the official housing credit agency responsible for its management. This legislation is introduced in response to the significant loss of federal housing investment, as evidenced by the District returning approximately $3.1 million in LIHTC credits last year. By consolidating the administration of the 9% LIHTC program under DCHFA, the bill seeks to improve coordination among various financing tools, streamline processes, and ensure greater accountability in the allocation of housing credits.

The bill includes specific amendments to the District of Columbia Housing Finance Agency Act of 1979, particularly by adding a new subsection that explicitly states DCHFA's role in administering the LIHTC program. Additionally, it makes conforming changes to Title 47 of the District of Columbia Official Code, replacing references to the "Department" with "Agency" to reflect the new responsibilities assigned to DCHFA. These changes are intended to strengthen the District's affordable housing financing infrastructure, ensuring that federal resources are utilized effectively to address the ongoing housing crisis.