Posted by Ashley Fox on December 04, 2018 at 7:32 PM
A bill initially introduced in July by D.C. Councilmember Elissa Silverman (I-At Large) that enables D.C. government to clearly identify and hold responsible all partners in real estate limited liability companies (LLCs) passed unanimously today on the first of two final votes. It is part of a package of legislation reforming the Department of Consumer and Regulatory Affairs (DCRA) put forth by Chairman Phil Mendelson (D-At Large).
“It shouldn’t be a battle to find out who is responsible when a home is damaged by a developer or neglected by a bad landlord hiding behind an LLC,” Silverman said. “By lifting the corporate veil, this bill will enhance consumer protections and allow the city to go after bad contractors and slumlords more strategically.”Read more