The Reservoir District Tax Exemption Clarification Amendment Act of 2026 aims to amend Chapter 46 of Title 47 of the District of Columbia Official Code to clarify the affordable housing requirements for specific properties in Lots 809, 810, 814, and 815 in Square 3128, which are conditions for receiving real property tax relief. The bill includes a reorganization of sections within the code, specifically redesignating Section 47-4683 as Section 47-4684 and the second Section 47-4682 as Section 47-4683.

Additionally, the bill amends Section 47-4683(b)(2) to specify that one-third of the operating rental housing units in the property must be set aside as affordable housing. These affordable units are defined according to federal guidelines, specifically referencing 26 U.S.C. 42(g)(2)(A), and must be available to households qualifying for the 80 Percent Income Limit Category of the Multifamily Tax Subsidy Project Income Limits for the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro Fair Market Rent Area.