St. Paul Senior Living at Wayne Place; Lot 0045, Square 6118.
(a)The real property described as Lot 0045, Square 6118,…#
(a) The real property described as Lot 0045, Square 6118, and currently owned by Wayne Place Senior Living Limited Partnership, a District of Columbia limited partnership, shall be exempt from the tax imposed by Chapter 8 of this title so long as the real property is:
(1) Owned and maintained by Wayne Place Senior Living Limited Partnership, or by an entity controlled, directly or indirectly, by Wayne Place Senior Living Limited Partnership;
(2) Operated as a senior living facility that provides secure and affordable housing to elderly residents of the District; and
(3) Not used for commercial purposes.
(b)Section 47-1005 shall apply with respect to the real…#
(b) Section 47-1005 shall apply with respect to the real property exempt from taxation under subsection (a) of this section.