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SUM, Inc. asks Council to forgive taxes for 4111 Kansas Ave. NW to preserve 40 affordable units; OCFO flags small net-asset impact
Summary
SUM, Inc. and partners asked the Committee to forgive past taxes and extend certification windows for 4111 Kansas Ave NW, a 40‑unit workforce housing property; OCFO said certification moving forward should enable financing and that the retroactive exemption represents a modest portion of the applicant’s non‑restricted net assets but recommended a correction to an acquisition date in the draft bill.
Representatives for SUM, Inc. told the Committee that 4111 Kansas Avenue NW houses 40 workforce units, many filled by Housing Choice Voucher holders, and that technical documentation issues caused a denial of exemption despite income eligibility. "4111 Kansas preserves 40 units for individuals and families between 0–30% AMI using the housing choice vouchers," a SUM witness said, and SUM presented figures showing substantial cumulative tax payments and argued retroactive forgiveness is necessary to redirect dollars to resident services.
OCFO staff reviewed financial statements and projections and concluded that, assuming the property is certified under the revised workforce housing exemption, projected net income should be sufficient to secure permanent financing; OCFO estimated the fiscal impact at about $762,000 for the property during the financial-plan period and recommended correcting a typographical acquisition date in the bill draft (05/31/2022 rather than 05/21/2022). Public witnesses emphasized the operational trade-offs they have made and the need for timely relief.
