Reply to Nadeau's Avanti Real Estate Tax Bill 2024

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Reply to "Nadeau's Avanti Real Estate Tax Bill 2024"

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[quote=Anonymous]The owner appears to be 77 so yes indeed.

But it's not even social justice initiatives. The pretext is very flimsy and applies to just about any commercial real estate, except the sweetheart deal is very specific to Avanti/Sheila Reid but very generic on the "rationale". The conditions are to basically have people who buy real estate through you become homeowners and thus build generational wealth (you don't say), employ DC residents (very likely anyway), and provide education and training for realtors (any broker does that). So why is Sheila getting a $250,000 gift plus no tax for the rest of her life?!

Text of the bill:
"*property is occupied by Avanti Real Estate Services, LLC 
*used to further the purposes of providing Real Estate and Brokerage services, specializing in creating generational wealth through homeownership, employing
District residents, and providing education and training for employment opportunities and careers within the real estate industry"

TO WHICH REAL ESTATE FIRM DOES THIS NOT APPLY? The bill says if Mayor vetoes, the Council overrides.[/quote]

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