Huge TOPA news: We have a single-family exemption working its way through the DC Council!
If this bill goes through the Council’s legislative process and becomes law, it would create a full exemption from TOPA for single-family homes; the only exclusions currently noted in the bill are tenants who are A) 62 years or older or B) disabled.
On Friday, Feb. 23, the DC Council’s housing committee voted to push the exemption through to the full Council. The full Council is scheduled to review the bill on Tuesday, March 6. That hearing is set to start at 10 a.m. and will be held in Room 500 of the Wilson Building (1350 Pennsylvania Ave. NW).
Several dozen REALTORS® were in attendance for the housing committee’s hearing, and their presence helped prove the impact this legislation will have on the real estate industry. Now, we just need to keep filling the hearing rooms.
When the full Council convenes on March 6, we need a room full of REALTORS® showing their support. As we’ve proven twice before, when we pack the room, the Council listens.
Stay tuned for updates.