Bill > PR26-0088

This resolution approves a long-term subsidy contract (Contract No. 2025-LRSP-02A) with Flats at South Capitol LLC under the Local Rent Supplement Program (LRSP), which will provide an annual operating subsidy of up to $486,960 to support 22 affordable housing units for 20 years. The contract is being approved pursuant to the District of Columbia Home Rule Act and the Procurement Practices Reform Act, which authorize the Council to review and approve such housing assistance contracts. The resolution requires the Council to transmit a copy of the approved resolution to the District of Columbia Housing Authority and the Mayor, and it adopts the fiscal impact statement provided by the Chief Financial Officer. The resolution will take effect immediately upon adoption, helping to provide affordable housing options in the District of Columbia by subsidizing rent for low-income residents at the Flats at South Capitol Apartments located at 3838 South Capitol Street, SE.

https://lims.dccouncil.gov/Legislation/PR26-0088