Bill > PR26-0082

This resolution approves a long-term subsidy contract (Contract No. 2025-LRSP-01A) with 2151 California Associates LLC for the District of Columbia's Local Rent Supplement Program (LRSP), which will provide operating subsidies to support 3 affordable housing units at The Bobbi located at 2151 California Street, NW. The contract will provide an annual subsidy not exceeding $125,400 and is authorized under the District of Columbia Home Rule Act and the Procurement Practices Reform Act. The resolution requires the Council to transmit a copy of the adopted resolution to the District of Columbia Housing Authority and the Mayor, and it adopts the fiscal impact statement from the Chief Financial Officer. The resolution is effective immediately upon adoption, and its purpose is to help ensure affordable housing access by subsidizing housing costs for low-income residents.

https://lims.dccouncil.gov/Legislation/PR26-0082