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TRUSTEE'S SALE 5505 SEMINARY RD. UNIT 1108 N FALLS CHURCH, VA 22041 In execution of the Deed of Trust in the original principal amount of $167,900.00, dated August 17, 2006, and recorded in Deed Book 18696, Page 1670 and as Instrument Number 2006026307.009 in Fairfax County land records, the appointed Substitute Trustee will offer for sale at public auction at the front of the Fairfax County Circuit Court (Fairfax County Judicial Center, 4110 Chain Bridge Road), at Fairfax, Virginia 22030 on July 14, 2026 at 1:45PM , the property described in said deed of trust, located at the above address and more particularly described as follows: CONDOMINIUM UNIT 1108 N, IN THE SKYLINE SQUARE CONDOMINIUM, IN ACCORDANCE WITH THE DECLARATION AND PLAT ATTACHED THERETO DULY RECORDED IN DEED BOOK 5630, PAGE 536 ET SEQ., AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA TOGETHER WITH THE EXCLUSIVE RIGHT TO USE THE LIMITED COMMON ELEMENT PARKING PLACE SP-57 AS A LIMITED COMMON ELEMENT LEGALLY APPURTENANT TO AND ATTACHED TO THE ABOVE DESCRIBED CONDOMINIUM UNIT. AND BEING THE SAME PROPERTY CONVEYED TO THE GRANTOR(S) BY DEED DATED SEPTEMBER 2, 2004 AND RECORDED NOVEMBER 17, 2004, IN DEED BOOK 16715 AT PAGE 366, AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA. TAX MAP NUMBER: 062-3-12-N-1108 The property and improvements will be sold in "as is" physical condition without warranty of any kind. TERMS OF SALE: A non-refundable bidder's deposit of 10% of the sale price or 10% of the original principal amount of the subject Deed of Trust, whichever is lower, by cashier's or certified check required at time of sale except for the party secured by the Deed of Trust. Risk of loss on purchaser from date and time of auction. Balance of the purchase price must be paid by cashier's check within 15 days from sale date. Except for Virginia Grantor tax, all settlement costs and expenses are purchaser's responsibility. Taxes are pro-rated to the date of sale. Purchaser is responsible for obtaining possession of the property. If purchaser defaults, deposit may be forfeited and property resold at the risk and cost of the defaulting purchaser who shall be liable for any deficiency in the purchase price and all costs, expenses and attorney’s fees of both sales. If Trustee does not convey title for any reason, purchaser's sole remedy is return of deposit without interest. This sale is subject to post-sale audit of the status of the loan secured by the Deed of Trust including but not limited to determining whether prior to sale a bankruptcy was filed, a forbearance, repayment or other agreement was entered into or the loan was reinstated or paid off; in any such event this sale shall be null and void and purchaser’s sole remedy shall be return of deposit without interest. This communication is from a debt collector and is an attempt to collect a debt and any information obtained will be used for that purpose. SUBSTITUTE TRUSTEE: RAS Trustee Services, LLC, 101 North Lynnhaven Road, Suite 104, Virginia Beach, Virginia 23452 FOR INFORMATION CONTACT: RAS Trustee Services, LLC, Substitute Trustee c/o Robertson, Anschutz, Schneid, Crane & Partners, PLLC 11350 McCormick Road, Executive Plaza I, Suite 302 Hunt Valley, Maryland 21031 (844) 442-2150 (470) 321- 7112 June 8th, 2026 June 15th 2026 AD#101845

Notice is hereby given that EMPOWER HOME LLC dba Empower Transport Services, 6524 Gildar St, Alexandria VA 22310, has filed an application for a certificate of public convenience and necessity that would authorize: 1. Passenger transportation as a Common Carrier over Irregular Routes, providing service in the Cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park, Virginia, and in the Counties of Arlington, Fairfax, Fauquier, Loudoun, Prince William, and Stafford, Virginia. 2. The transportation of Medicaid recipients throughout the Commonwealth of Virginia as a Non-Emergency Medical Transportation Carrier as defined in Section 46.2-2000 et seq. of the Code of Virginia. Any person who desires to protest the application and be a party to the matter must submit a signed and dated written request setting forth (1) a precise statement of the party’s interest and how the party could be aggrieved if the application was granted; (2) a full and clear statement of the facts that the person is prepared to provide by competent evidence; (3) a statement of the specific relief sought; (4) the name of the applicant and case number assigned to the application; and (5) a certification that a copy of the protest was sent to the applicant. The case number assigned to this application is MC2600289ST. Written protests must be mailed to DMV Motor Carrier Services, Attn: Operating Authority, P.O. Box 27412, Richmond, VA 23269-0001 and must be postmarked on or before May 28, 2026. Any protest filed with competent evidence will be carefully considered by DMV; however, DMV will have full discretion as to whether a hearing is warranted based on the merits of the protest filed. Run Date: May 11th, 2026 AD#102251

TRUSTEE'S SALE 13575 CASTLEBRIDGE LN WOODBRIDGE, VA 22193 In execution of the Deed of Trust in the original principal amount of $81,519.00, dated October 20, 2017, and recorded as Instrument Number 201711160086757 in Prince William County land records, the appointed Substitute Trustee will offer for sale at public auction in front of the building housing the Prince William County Circuit Court, 9311 Lee Avenue, Manassas, Virginia 20110 on July 14, 2026 at 12:00 PM , the property described in said deed of trust, located at the above address and more particularly described as follows: LOT 63, WESTWIND, AS THE SAME APPEARS DULY DEDICATED PLATTED AND RECORDED IN DEED BOOK 1431 AT PAGE 1171 AMONG THE LAND RECORDS OF PRINCE WILLIAM COUNTY, VIRGINIA. The property and improvements will be sold in "as is" physical condition without warranty of any kind. TERMS OF SALE: A non-refundable bidder's deposit of 10% of the sale price or 10% of the original principal amount of the subject Deed of Trust, whichever is lower, by cashier's or certified check required at time of sale except for the party secured by the Deed of Trust. Risk of loss on purchaser from date and time of auction. Balance of the purchase price must be paid by cashier's check within 15 days from sale date. Except for Virginia Grantor tax, all settlement costs and expenses are purchaser's responsibility. Taxes are pro-rated to the date of sale. Purchaser is responsible for obtaining possession of the property. If purchaser defaults, deposit may be forfeited and property resold at the risk and cost of the defaulting purchaser who shall be liable for any deficiency in the purchase price and all costs, expenses and attorney’s fees of both sales. If Trustee does not convey title for any reason, purchaser's sole remedy is return of deposit without interest. This sale is subject to post-sale audit of the status of the loan secured by the Deed of Trust including but not limited to determining whether prior to sale a bankruptcy was filed, a forbearance, repayment or other agreement was entered into or the loan was reinstated or paid off; in any such event this sale shall be null and void and purchaser’s sole remedy shall be return of deposit without interest. This communication is from a debt collector and is an attempt to collect a debt and any information obtained will be used for that purpose. SUBSTITUTE TRUSTEE: RAS Trustee Services, LLC, 101 North Lynnhaven Road, Suite 104, Virginia Beach, Virginia 23452 FOR INFORMATION CONTACT: RAS Trustee Services, LLC, Substitute Trustee c/o Robertson, Anschutz, Schneid, Crane & Partners, PLLC 11350 McCormick Road, Executive Plaza I, Suite 302 Hunt Valley, Maryland 21031 (844) 442-2150 (470) 321- 7112 June 8th, 2026 June 15th 2026 AD#101847

Law Offices of Jeffrey Nadel 4041 Powder Mill Road, Suite 200 Calverton, Maryland 20705 240-473-5000 SUBSTITUTE TRUSTEES' SALE OF REAL PROPERTY 12410 Gladys Retreat Circle Bowie, MD 20720 Under a power of sale contained in a certain Deed of Trust from George D. Patterson and Michelle A. Thomas, dated January 25, 2005, and recorded in Liber 21889, Folio 526 among the Land Records of Prince George’s County, MD, default having occurred under the terms thereof, the Substitute Trustee will sell at public auction at Circuit Court for Prince George’s Co., 14735 Main St., Upper Marlboro, MD, Duval Wing entrance, located on Main St. on May 26, 2026 at 11:30 AM ALL THAT FEE SIMPLE LOT OF GROUND KNOWN AS Unit No. 9, Phase 7, Bldg. 4, Retreat at Fairwood Townhome Condominium, situated in Prince George’s County, MD and more fully described in the aforesaid Deed of Trust, carrying Tax ID No. 07-3650686. The property will be sold in an “as is” condition and subject to conditions, restrictions, agreements, easements, covenants and rights of way of record affecting the same, if any, and with no warranty of any kind. SOLD SUBJECT TO a 120 day IRS right of redemption. Terms of Sale: A deposit of $47,000.00 will be required at the time of sale in the form of cash (under $10,000.00), certified check, or other form as the Substitute Trustees determine acceptable. No deposit shall be required of the noteholder where the noteholder bids in the property at auction. Balance of the purchase price to be paid in cash within ten days of final ratification of sale by the Circuit Court for Prince George’s County, time being of the essence for purchaser. In the event that settlement does not occur within the said ten days, the purchaser shall be in default. Upon such default the Trustees may file a Motion and Order to Resell the property at the risk and expense of the defaulting purchaser, and purchaser(s) hereby consent to entry of such resale order without further notice, in which case the deposit shall be forfeited and all expenses of this sale (including attorney’s fees and the full commission on the gross sale price of this sale) shall be charged against and paid out of the forfeited deposit. The Trustees may then readvertise and resell the property at the risk and cost of the defaulting purchaser; or, without reselling the property, the Trustees may avail themselves of any legal or equitable remedies against the defaulting purchaser. In the event of a resale, the defaulting purchaser shall not be entitled to receive the surplus, if any, even if such surplus results from improvements to the property by said defaulting purchaser. Interest to be paid on the purchase money less the stated deposit called for herein, at the rate pursuant to the Deed of Trust Note from the date of auction to the date funds are received in the office of the Substitute Trustee. There shall be no abatement of interest due from the purchaser in the event additional funds are tendered before settlement or if settlement is delayed for any reason, including but not limited to exceptions to sale, bankruptcy filings by interested parties, Court administration of the foreclosure or unknown title defects. All taxes, ground rent, water rent, condominium fees and/or homeowner association dues, all public charges/assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if applicable, are to be adjusted to the date of auction and thereafter are to be assumed by the purchaser. Cost of all documentary stamps, transfer taxes, agricultural transfer tax, if any and settlement expenses shall be borne by the purchaser. Purchaser shall be responsible for obtaining physical possession of the property. Purchaser assumes the risk of damage to the property from the date of auction forward. If the Substitute Trustee does not convey title for any reason, including but not limited to the Secured Party executing a forbearance agreement with the borrower(s) described in the above-mentioned Deed of Trust, or allowing the borrower(s) to execute their right to reinstate or payoff the subject loan, prior to the sale, with or without the Substitute Trustee’s prior knowledge, or if the sale is not ratified for any reason including errors made by the Substitute Trustees, the foreclosure sale shall be null and void and of no effect, and the Purchaser’s sole remedy in law or in equity shall be the return of the deposit without interest. Further terms and particulars may be announced at time of sale, and purchaser may be required to execute a Memorandum of Sale at the time of auction. (Matter #22743) Jeffrey Nadel and Scott Nadel, Substitute Trustees Tidewater Auctions, LLC P.O. Box 9, Phoenix, MD 21131 410-825-2900 Washington Times, 5/11, 5/18, 5/25 AD#102225

LEGAL PUBLICATION Pursuant to D.C. Code § l-1001.16(d)(2)(B)(ii), which provides that the D.C. Board of Elections shall “[s]ubmit the summary statement, short title, legislative form, and, if the measure is an initiative measure, the fiscal impact statement, to … [a]t least one newspaper of general circulation in the District[,], the Board hereby publishes the aforementioned formulations as follows, as well as the fiscal impact statement issued concerning Initiative Measure No. 88, the “The Rent Control and Housing Eligibility Adjustment Amendment Act of 2026.” INITIATIVE MEASURE No. 88 SHORT TITLE The Rent Control and Housing Eligibility Adjustment Amendment Act of 2026 SUMMARY STATEMENT If enacted, this Initiative would freeze rents for two years upon its effective date and in future periods of high inflation; reduce the maximum permitted total rent increase for rent controlled units to 5%; realign certain D.C. affordable housing programs with an upper eligibility threshold of 60% of the Area Median Income; redefine affordable housing requirements to include a mix of studio, one, two, three, and four bedroom units; and revise affordable housing requirements for land sold or leased by the D.C. government. This Initiative will not be implemented unless the Council appropriates funds for any costs. LEGISLATIVE TEXT BE IT ENACTED BY THE ELECTORS OF THE DISTRICT OF COLUMBIA, That this act may be cited as the “DC Housing Modernization and Accessibility Act of 2026”. Sec. 2. Title II of the Rental Housing Act of 1985, effective July 17, 1985 (D.C. Law 6- 10; D.C. Official Code § 42-3502.01 et seq.), is amended as follows: (a) Section 208(h) (D.C. Official Code § 42-3502.08(h) is amended to read as follows: “(h) Unless the adjustment in the amount of rent charged is implemented pursuant to sections 210, 211, 212, 214, or 215, an adjustment in the amount of rent charged: “(1) If the unit is vacant, shall not exceed the amount permitted under section 213(a); or “(2) If the unit is occupied: “(A) Shall not exceed the current allowable amount of rent charged for the unit, plus the adjustment of general applicability plus 2%, taken as a percentage of the current allowable amount of rent charged; provided, that the total adjustment shall not exceed 6%; “(B) Shall be pursuant to section 224, if occupied by an elderly tenant or tenant with a disability; and “(C) Shall not exceed the lesser of 5% or the adjustment of general applicability if the unit is leased or co-leased by a home and community-based services waiver provider.”. (b) A new section 225 is added to read as follows: “Section 225. Temporary rent freeze during certain periods. “(a) Notwithstanding any other provision of this act, the rent for any rental unit shall not be increased during the period from and including the effective date of this section through and including the second anniversary thereof. “(b) Notwithstanding any other provision of this act, if during any 12-month period subsequent to the period described in subsection (a), the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U) for the Washington-Arlington-Alexandria DCVA­ MD-WV Metropolitan Statistical Area, as published by the Bureau of Labor Statistics, is greater than 5%, then the rent for any rental unit shall not be increased at any time during the subsequent 12-month period. “(c) Any rent increase that would become effective during any period described in subsection (a) or subsection (b) shall not become effective regardless of when notice of such rent increase is sent to the tenant of any rental unit. “(d) This section shall not apply to: “(1) Any rental unit owned by, or leased to any person by, the District of Columbia Housing Authority or any other agency, department, or instrumentality of the District; or “(2) Any rental unit owned by, or leased to any person by, any agency, department or instrumentality of the United States.”. Sec. 3. The electors of the District of Columbia call upon the Council of the District of Columbia to amend section 2 of the Housing Production Trust Fund Act of 1988, effective March 16, 1989 (D.C. Law 7-202; D.C. Official Code § 42-2801), as follows: (a) Amend paragraph (2A) to read as follows: “(2A) “Eligible household” means a household that, at the time of lease-up or rental of a qualified rental housing unit, had total annual income at or below 45% of the area median income, or at the time of purchase of a qualified for-sale housing unit, had total annual income at or below 60% of the area median income; provided, that the annual incomes of eligible households assisted through an allocation of proceeds from the Housing Production Trust fund shall not exceed 60% of the area median income.” (b) Amend paragraph (3) to read as follows “(3) “Extremely low-income” means a household income that is less than or equal to 15% of the area median income.”. (c) Amend paragraph (6) to read as follows: “(6) “Low-income” means a household income that is more than 30% and less than or equal to 45% of the area median income.”. (d) Amend paragraph (7) to read as follows: “(7) “Moderate income” means a household income that is more than 45% and less than or equal to 60% of the area median income.”. (e) Amend paragraph (9A) to read as follows: “(9A) “Very low-income” means a household income that is more than 15% and less than or equal to 30% of the area median income.”. Sec. 4. Section 2(4) of the Affordable Housing Clearinghouse Directory Act of 2008, effective August 15, 2008 (D.C. Law 17-215; D.C. Official Code § 42-2131(4)), is amended to read as follows: “(4) “Affordable housing unit” means a dwelling unit that is offered for residential occupancy and is made available to, and affordable to, a household whose total household income is equal, to or less than, 45% of the area median income for rental units and 60% of the area median income for sale and ownership units, as a result of a federal or District subsidy.”. Sec. 5. Section 2 of An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes, effective August 5, 1939 (53 Stat. 211; D.C. Official Code § 10-801), is amended as follows: (a) Subsection (b-3) is amended as follows: (1) Paragraph (1) is amended to read as follows: “(b-3)(1) If a proposed disposition of real property will result in the development of multifamily residential property consisting of 5 or more units (“multifamily units”), the following requirements shall apply: “(A) At least 2/3 of the multifamily units shall be dedicated as affordable housing; “(B) At least 1/4 of the multifamily units shall consist of units with 2 or more bedrooms, and 1/4 shall consist of units with 3 or more bedrooms; and “(C) The multifamily units dedicated as affordable housing pursuant to this subsection shall continue to be dedicated as affordable housing for the life of the ground lease if the land disposition is by ground lease, or shall remain affordable housing units in perpetuity, secured by a covenant running with the land. “(D) Repealed.”. (2) Paragraph (2) is amended to read as follows; “(2) The units dedicated as affordable housing pursuant to subparagraphs (A) and (B) of this paragraph shall be made available at the following affordability levels: “(A) In the case of affordable rental units, at least 1/4 of the units shall be housing for which an extremely low-income household will pay no more than 30% of its income toward housing costs, 1/4 of the units shall be housing for which a very low-income household will pay no more than 30% of its income toward housing costs, 1/4 of the units shall be housing for which a low-income household will pay no more than 30% of its income toward housing costs, and the remainder shall be housing for which a moderate-income household will pay no more than 30% of its income toward housing costs. “(B) In the case of affordable ownership units, 1/2 of the units shall be housing for which a low-income household will pay no more than 30% of its income toward housing costs and the remainder of any such ownership units shall be housing for which a moderate income household will pay no more than 30% of its income toward housing costs.”. (3) Paragraphs (4), (6), and (7) are repealed. (b) Subsection (n) is amended as follows: (1) Paragraph (3) is amended to read as follows: “(3) “Low-income household” means a household consisting of one or more persons with a total household income that is more than 30% and less than or equal to 45% of the area median income.”. (2) Paragraph (4) is amended to read as follows: “(4) “Moderate-income household” means a household consisting of one or more persons with total household income more than 45% and less than or equal to 60% of the area median income.”. (3) Paragraph 5 is amended to read as follows: “(5) “Very low-income household” means a household consisting of one or more persons with total household income more than 15% and less than or equal to 30% of the area median income.”. (4) A new paragraph 6 is added to read as follows: “‘(6) “Extremely low-income household” means a household consisting of one or more persons with total household income less than or equal to 15% of the area median income.”. Sec. 6. Section 2092 of the Department of Housing and Community Development Comprehensive Tracking Plan for Affordable Housing Inventory Act of 2012, effective September 20, 2012 (D.C. Law 19-168; D.C. Official Code § 42-2141), is amended as follows: (a) Paragraph (1) is amended to read as follows: “(1) “Affordable housing unit” means a unit of housing that is offered for rent or for sale for residential occupancy and as a result of a federal or District subsidy is made available and affordable to households whose income levels are less than or equal to 60% of the area median income.”. (b) Paragraph (3) is amended to read as follows: “(3) “Extremely low-income household” means a household with total household income equal to or less than 15% of the area median income.”. (c) Paragraph (5) is amended to read as follows: “(5) “Low -income household” means a household with a total household income that is more than 30% and less than or equal to 45% of the area median income.”. (d) Subsection (6) is amended to read as follows: “(6) “Very low-income household” means a household with total household income more than 15% and less than or equal to 30% of the area median income.”. Sec. 7. Section 102(d) of the Workforce Housing Production Program Approval Act of 2006, effective March 14, 2007 (D.C. Law 16-278; D.C. Official Code § 6-1061.02(d)), is amended to read as follows: “(d)(1) The land trust shall develop units affordable to households not to exceed 60% of AMI. “(2) The land trust’s portfolio shall have an average not to exceed 50% of AMI. “(3) The portfolio average requirement shall be evaluated for compliance on an annual basis, beginning 12 months after March 14, 2007.”. Sec. 8. Section 202(8) of the New Town at Capital City Market Revitalization Development and Public/Private Partnership Act of 2006, effective March 14, 2007 (D.C. Law 16-278; D.C. Official Code § 6-1062.02(8)), is amended to read as follows: “(8) “Workforce housing” means housing units set aside for eligible renters or purchasers as defined the appropriate agency of the District of Columbia and who are at 45% to 60% of the Area Median Income.”. Sec. 9. Section 2092 of the Reentry Housing and Services Program Act of 2021, effective November 13, 2012 (D.C. Law 24-45; D.C. Official Code § 42-2231), is amended as follows: (a) Paragraph (3) is amended to read as follows: “(3) “Extremely low-income” means having a household income equal to 15% or less of the area median income.”. (b) Paragraph (5) is amended to read as follows: “(5) “Low-income” means having a household income that is more than 30% and less than or equal to 45% of the area median income.”. (c) Paragraph (11) is amended to read as follows: “(11) “Very low-income” means having a household income that is more than 15% and less than or equal to 30% of the area median income.”. Sec. 10. Applicability. (a) The provisions of this act with any fiscal effect shall apply upon the date of inclusion of the fiscal effect in an approved budget and financial plan. (b) The Chief Financial Officer shall certify the date of the inclusion of the fiscal effect in an approved budget and financial plan, and provide notice to the Budget Director of the Council of the certification. (c)(1) The Budget Director shall cause the notice of the certification to the published in the District of Columbia Register. (2) The date of publication of the notice of the certification shall not affect the applicability of this act. Sec 11. Effective date. This act shall take effect after a 30-day period of congressional review as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 813; D.C. Official Code§ l-206.02(c)(1)), and publication in the District of Columbia Register. MEMORANDUM TO: The Honorable Phil Mendelson Chairman, Council of the District of Columbia FROM: Glen Lee Chief Financial Officer DATE: May 6, 2026 SUBJECT:Fiscal Impact Statement – DC Housing Modernization and Accessibility Act of 2026 REFERENCE:Proposed Initiative as provided to the Office of Revenue Analysis on April 14, 2026 _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Conclusion Funds are not sufficient in the proposed revised fiscal year 2026 budget and proposed fiscal year 2027 through fiscal year 2030 budget and financial plan to implement the initiative. The initiative will reduce projected revenues by $1.4 million in fiscal year 2028 and $23.0 million over the four-year financial plan. Background The proposed initiative amends the Rental Housing Act of 1985 to prohibit any rent increase for a rental unit in the District for two years upon the initiative’s enactment. After the initial two-year period, if inflation is greater than six percent in any future 12-month period, the initiative prohibits a rent increase for one year. These rent freezes must be implemented by housing providers regardless of whether a tenant has been notified of a rent increase. The rent freezes do not apply to any unit owned or leased by the District government, the District of Columbia Housing Authority, or the United States government. Second, the proposed initiative amends the District’s rent stabilization laws 1 to reduce the percentage that rent can be increased on an occupied unit from a maximum of 10 2 percent to 6 percent. Third, the proposed initiative changes the definitions of affordability required for future grants and loans provided through the Housing Production Trust Fund 3 . The maximum income allowed to rent a qualified unit is reduced from 120 percent of Area Median Income (“AMI”) to 45 percent, and purchasers of qualified units must have an income at or below 60 percent of AMI 4 . The maximum household income defined as “extremely low income” 5 is reduced from 30 percent of AMI to 15 percent. Allowable household income defined as “very low income” 6 is reduced from a range of greater than 30 percent to 45 percent of AMI to a range of greater than 15 percent to 30 percent. Allowable household income defined as “low income” 7 is reduced from a range of greater than 50 percent to 80 percent of AMI to a range of greater than 30 to 45 percent. Allowable household income defined as “moderate income” 8 is reduced from a range of greater than 50 to 80 percent of AMI to a range of more than 45 percent to 60 percent. The initiative also changes the Reentry Housing and Services Program 9 thresholds to align with the new HPTF definitions. The initiative reduces the affordability thresholds for the Workforce Housing Land Trust Program 10 (“Program”), reducing the maximum allowable income eligibility from 120 percent of AMI to 60 percent. It also reduces the average income the entire portfolio the Program can have from 80 percent of AMI to 50 percent. The initiative reduces the eligibility threshold ranges for units at the New Town at Capital City Market Development 11 from 50 to 120 percent of AMI to 45 to 60 percent. Lastly, the initiative changes affordability requirements when disposing of District properties for the development of housing. Under current law, disposition of District property for a multifamily housing development with 10 or more units is subject to certain affordability requirements 12 . The initiative reduces the number of units that will trigger affordability requirements from 10 to five units. Additionally, the initiative increases the number of units that must be affordable from 30 percent to two-thirds of the development; 25 percent of the units are required to have two or more bedrooms, and 25 percent must have three or more bedrooms. The initiative eliminates the Mayor’s authority to waive 13 or reduce 14 the affordable housing requirements. Financial Plan Impact Funds are not sufficient in the proposed revised fiscal year 2026 budget and proposed fiscal year 2027 through fiscal year 2030 budget and financial plan to implement the initiative. The initiative will reduce projected revenues by $1.4 million in fiscal year 2028 and $23.0 million over the four-year financial plan. The two-year freeze on rent will reduce the rental income of housing providers beginning tax year 2027, and in turn decrease unincorporated business tax revenue collections by $1.4 million in fiscal year 2028, and $9.7 million in fiscal year 2029. Rent is assumed to return to the level supported by market demand after tax year 2028, so there is no projected income tax impact in fiscal year 2030. Because operating income is used in the process of multifamily property valuation, assessments and real property tax collections for multifamily properties will also be lower than currently estimated. Based on the timing of receiving a property’s income and expense reports and when the District finalizes assessed values, a rent freeze in 2027 and 2028 will impact real property tax revenue in fiscal years 2029 and 2030. Real property tax collections will be $2.7 million lower in fiscal year 2029, and $11.8 million over the four-year financial plan, including $11.5 million in local revenue and $274,000 in dedicated revenue. Current forecasts for inflation do not exceed five percent in the financial plan period, so the initiative’s provision limiting rent growth if the Consumer Price Index exceeds six percent does not have an impact on tax collections during the financial plan period. The initiative’s adjustments to affordability thresholds for housing developments funded using assistance from the Housing Production Trust Fund may affect the structure of future development projects and may require a higher level of grants for development to be feasible. However total spending on projects from the Housing Production Trust Fund cannot exceed amounts in an approved budget and financial plan. Similarly, limitations on disposition of District property may alter future developments, but do not have an impact on the current budget and financial plan. <p style="margin: 0px; text-al