ENROLLED ORIGINAL 1 A RESOLUTION 25-79 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA March 7, 2023 To declare the existence of an emergency with respect to the need to amend the Rental Housing Act of 1985 to enact a moratorium on applications for, and the Mayor’s issuance of, certificates of assurance associated with District rent stabilization laws . RESOLVED, BY THE COUNCIL DISTRICT OF COLUMBIA, That this resolution may be cited as the “Certificate of Assurance Moratorium Extension Emergency Declaration Resolution of 2023”. Sec. 2. (a) Section 221 of the Rental Housing Act of 1985 (D.C. Code § 42- 3502.21), allows owners of housing accommodations to apply for certificates of assurance from the Mayor, which would provide that in the event their properties become subject to rent stabilization , the owners would recover in the form of a District real estate tax credit the difference between the annual fair market rents and the annual amount of stabilized rent s the owners receive from the tenants in the housing accommodations. (b) Because the certificate of assurance entitlement lasts for as long as the properties remain housing accommodations , the entitlement may create a potentially prohibitive fiscal impact on future legislation . (c) Implementation barriers and concerns kept the program from ever being fully operational. (d) On September 22, 2020, the Council passed t he Certificate of Assurance Moratorium Emergency Amendment Act of 2020, enacted November 2, 2020 ( D.C. Act 23-454; 67 DCR 13216), which placed an emergency moratorium on applications for, and the Mayor’s issuance of, certificates of assurance to owners of housing accommodations. The Council has passed further emergency and temporary legislation in 2021 and 2022 to extend the moratorium. (e) The Certificate of Assurance Moratorium Emergency Amendment Act of 2023 is necessary to maintain the status quo and give the Council time to carefully deliberate an appropriate course of action regarding certificates of assurance. Sec. 3. The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the ENROLLED ORIGINAL 2 Certificate of Assurance Moratorium Extension Emergency Amendment Act of 2023 be adopted after a single reading. Sec. 4. This resolution shall take effect immediately.