The 151 Q Street Residential Economic Development Real Property Tax Exemption Amendment Act of 2026 aims to provide a real property tax exemption for the Gale Eckington, a 603-unit apartment complex located at 151 Q Street N.E. This legislation is designed to offer financial stability to the property, which has faced challenges in collecting rent and maintaining its facilities. The proposed tax abatement would allow the property owner to reinvest in the building, ensure affordability, and address necessary repairs. A key provision of the bill mandates that the owner must resolve any notices of infraction issued by the Department of Buildings before receiving the tax abatement.

The bill outlines that starting in Tax Year 2031, 100% of the property tax imposed on the 151 Q Street Residential Property will be abated for a period of ten consecutive years, with a total cap of $21 million on the abatement. Additionally, the owner is required to undertake ongoing capital improvements and address any building code infractions promptly. Compliance with these requirements will be monitored by the Department of Buildings, which will provide annual assessments of the owner's adherence to the obligations set forth in the legislation. Failure to comply may result in the loss of the tax abatement for the previous tax year.