In the midst of debate last week regarding a bill on short-term rental regulations, DC Council Chair Phil Mendelson shared the Council's plans to request that the Zoning Commission amend the zoning code to permit short-term rentals in residential zones. That letter has now been submitted.
"The Chief Financial Officer [CFO] estimates that bill 22-92 will cost $23-25 million annually in lost revenue," the letter states. "Some of this loss is due to other restrictions in the bill before the Council. But 80-90 percent of it is due to Zoning prohibitions on homesharing by homeowners. It is imperative — both to the city's finances and the need for a viable regulatory scheme, that the Zoning Regulations be revised."
The zoning issue has been raised intermittently throughout the debate over short-term rental regulations in DC, with Greater Greater Washington pointing out that enforcement of the zoning regulations triggered by passage of the bill would precipitate a much larger impact on the market than the substance of the bill itself.
The Department of Consumer and Regulatory Affairs (DCRA) would be tasked with oversight of the city's home-sharing market if the bill passes. DCRA would not be able to issue licenses legitimizing short-term rentals in residential zones because it is not permitted under the current zoning regulations.
Every Councilmember signed the letter, which will be considered by the Zoning Commission early next week.
This article originally published at https://dc.urbanturf.com/articles/blog/dc-council-requests-zoning-changes-to-reflect-reality-of-short-term-rentals/14613.
Most Popular... This Week • Last 30 Days • Ever
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Eights month after a new proposal to redevelop part of the Takoma Metro station was p... read »
The new images provide a better sense of the big residential plans in the works for t... read »
As we approach the end of the year, UrbanTurf is taking a final look at the DC neighb... read »
Crescent Communities recently filed plans with Montgomery County for Novel Bethesda, ... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
Plans for the New York-based eatery appear to be moving forward.... read »
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville top... read »
EDENS filed a planned unit development for a two-building residential development tha... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro