Plain English Breakdown
The exact location of the two affordable housing units is not specified in the provided official summary, only that they are located at 2607 Connecticut Avenue NW.
Approval of a Long-Term Housing Subsidy Contract
The bill approves a long-term subsidy contract for affordable housing units in Washington, D.C., to support the Local Rent Supplement Program.
What This Bill Does
- Approves a 20-year contract between the District of Columbia and 2607 Connecticut LLC for two affordable housing units at an unspecified location on 2607 Connecticut Avenue NW.
- Provides an annual operating subsidy not exceeding $50,116 to support these units under the Local Rent Supplement Program.
- Requires the Council to send a copy of this resolution to the District of Columbia Housing Authority and the Mayor after adoption.
Who It Names or Affects
- The District of Columbia Housing Authority
- 2607 Connecticut LLC
- Residents living in the two affordable housing units at an unspecified location on 2607 Connecticut Avenue NW
Terms To Know
- Local Rent Supplement Program
- A program that provides financial support to make housing more affordable for low-income residents.
- Subsidy Contract
- An agreement where the government gives money or other benefits to help cover costs, in this case for affordable housing units.
Limits and Unknowns
- The exact location of the two affordable housing units is not specified.
- It does not specify how the funds are allocated or managed beyond providing an annual operating subsidy.