Credit established

(a) There is established a District of Columbia low-income housing tax credit. (b) [Repealed]. (c) [Repealed]. (d) The Department may award District of Columbia low-income housing tax credits to qualified projects or eligible projects in accordance with § 47-4803. (e) The total credits available for the Department to award are as follows: (1) In Fiscal Year 2025, $8,575,000; (2) In Fiscal Year 2026, $8,750,000; (3) In Fiscal Year 2027, $8,925,000; (4) In Fiscal Year 2028, $9,100,000; and (5) In each subsequent fiscal year, 105% of the total credits available for award in the prior fiscal year.