Bill > PR26-0186

This resolution approves a long-term subsidy contract (Contract No. 2025-LRSP-03A) with 2607 Connecticut LLC for the District of Columbia's Local Rent Supplement Program (LRSP), which will provide an annual operating subsidy of up to $50,116 to support two affordable housing units located at 2607 Connecticut Avenue, NW. The resolution is being enacted under the authority of the District of Columbia Home Rule Act and the Procurement Practices Reform Act, and it requires the Council to transmit a copy of the resolution to the District of Columbia Housing Authority and the Mayor upon adoption. The contract is for a 20-year term, and the resolution includes provisions for immediate effectiveness, adoption of the Chief Financial Officer's fiscal impact statement, and transmission of the document to relevant government entities. The primary purpose of this resolution is to formally approve and authorize the subsidy contract to help maintain affordable housing in the District of Columbia.