Plain English Breakdown
The official source does not provide specific details about financial amounts or consequences if Jubilee ADMO Apartments LP fails to manage the contract as planned.
Approval of Housing Contract for Euclid Apartments
The bill approves an agreement to extend financial support for affordable housing units at the Euclid Apartments in Washington, D.C.
What This Bill Does
- Approves an agreement to extend financial support for 32 affordable housing units at Euclid Apartments for another 20 years.
- Changes who is responsible for managing the contract from Jubilee Housing Limited Partnership II to Jubilee ADMO Apartments LP.
Who It Names or Affects
- Residents living in Euclid Apartments who benefit from affordable housing units.
- The District of Columbia Housing Authority which oversees the contract.
- Jubilee ADMO Apartments LP, which will manage the financial support for the apartments.
Terms To Know
- Subsidy Contract
- An agreement that provides financial help to cover housing costs.
- Affordable Housing Units
- Homes that are priced so people with lower incomes can afford them.
Limits and Unknowns
- The bill does not specify how much money will be provided for the subsidy.
- It is unclear what happens if Jubilee ADMO Apartments LP cannot manage the contract as planned.