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PR26-0329 • 2025

Local Rent Supplement Program Contract Number 2025-LRSP-04A with PBS Property Holdings, LLC Approval Resolution of 2025

Local Rent Supplement Program Contract Number 2025-LRSP-04A with PBS Property Holdings, LLC Approval Resolution of 2025

Housing
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
at the request of the District of Columbia Housing Authority
Last action
2025-10-31
Official status
Approved
Effective date
Not listed

Plain English Breakdown

The official source material does not specify that residents are directly affected by this resolution.

Approval of Rent Supplement Contract for Kennedy Gardens Apartments

The bill approves a long-term subsidy contract between the District of Columbia Housing Authority and PBS Property Holdings, LLC to support affordable housing units at Kennedy Gardens Apartments.

What This Bill Does

  • Approves a long-term subsidy contract with PBS Property Holdings, LLC for 8 affordable housing units at Kennedy Gardens Apartments.
  • Funds annual operating costs up to $255,552 for the affordable units.
  • Requires the Council of the District of Columbia to send copies of this resolution to the Housing Authority and the Mayor.

Who It Names or Affects

  • The District of Columbia Housing Authority
  • PBS Property Holdings, LLC

Terms To Know

Local Rent Supplement Program
A program that helps pay for affordable housing units to make them more accessible to low-income residents.
Subsidy Contract
An agreement where the government provides financial support to help cover costs of a project or service, in this case, affordable housing units.

Limits and Unknowns

  • The bill does not specify how long the subsidy will continue beyond the initial 20-year period.
  • It is unclear what happens if PBS Property Holdings, LLC fails to meet the terms of the contract.

Bill History

  1. 2025-10-31 Council of the District of Columbia LIMS

    Resolution R26-0222, Effective from Oct 21, 2025 Published in DC Register Vol 72 and Page 011972

  2. 2025-10-21 Council of the District of Columbia LIMS

    Legislative Meeting

  3. 2025-10-21 Council of the District of Columbia LIMS

    Approved with Resolution Number R26-0222

  4. 2025-10-10 Council of the District of Columbia LIMS

    Notice of Intent to Act on PR26-0329 Published in the District of Columbia Register

  5. 2025-10-07 Council of the District of Columbia LIMS

    Retained by the Council with comments from the Committee on Housing

  6. 2025-09-29 Council of the District of Columbia LIMS

    PR26-0329 Introduced by Chairman Mendelson at Office of the Secretary

Official Summary Text

Local Rent Supplement Program Contract Number 2025-LRSP-04A with PBS Property Holdings, LLC Approval Resolution of 2025

Current Bill Text

Read the full stored bill text 
ENROLLED ORIGINAL

1

A RESOLUTION

26-222

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

October 21, 2025

To approve an agreement to enter into a long-term subsidy contract for 20 years in support of the
District’s Local Rent Supplement Program to fund housing costs associated with local
affordable housing units for Contract Number 2025-LRSP-04A with PBS Property
Holdings, LLC for 8 affordable program units at the Kennedy Gardens Apartments,
located at 145 Kennedy Street, NW.

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the “Local Rent Supplement Program Contract Number 2025-LRSP-
04A with PBS Property Holdings, LLC Approval Resolution of 2025”.

Sec. 2. Pursuant to section 451 of the District of Columbia Home Rule Act, approved
December 24, 1973 (87 Stat. 803; D.C. Official Code § 1-204.51), and section 202 of the
Procurement Practices Reform Act of 2010, effective April 8, 2011 (D.C. Law 18- 371; D.C.
Official Code § 2- 352.02), the Council approves Contract No. 2025- LRSP-04A, a long-term
subsidy contract, with PBS Property Holdings, LLC to provide an o perating subsidy in
support of 8 affordable units at Kennedy Gardens Apartments, located at 145 Kennedy Street,
NW, in an i nitial amount not to exceed $ 255,552 annually.

Sec. 3. Transmittal.
The Council shall transmit a copy of this resolution, upon its adoption, to the District of
Columbia Housing Authority and the Mayor.

Sec. 4. Fiscal impact statement.
The Council adopts the fiscal impact statement of the Chief Financial Officer as the fiscal
impact statement required by section 4a of the General Legislative Procedures Act of 1975,
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).

Sec. 5. Effective date.
This resolution shall take effect immediately.