Plain English Breakdown
The official source does not provide specific details about funding amounts or consequences for improper management by Jubilee ADMO Apartments LP.
Approval of Housing Contract for Sorrento Apartments
The bill approves an agreement to extend financial support for affordable housing units at the Sorrento Apartments in Washington, D.C., and changes management responsibility.
What This Bill Does
- Approves an agreement to extend financial support for 17 affordable housing units at Sorrento 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
- The residents of Sorrento Apartments who benefit from affordable housing units.
- Jubilee ADMO Apartments LP which will manage the contract for the next 20 years.
- District of Columbia Housing Authority, Jubilee Housing Limited Partnership II, and the Mayor.
Terms To Know
- Subsidy Contract
- An agreement that provides financial support to help cover housing costs for affordable units.
- Affordable Housing Units
- Housing units designed and managed to be affordable for low-income residents.
Limits and Unknowns
- The bill does not specify how much funding will be provided each year.
- It is unclear what happens if Jubilee ADMO Apartments LP fails to manage the contract properly.