Bill Summary – FastDemocracy

ENROLLED ORIGINAL

                                            AN ACT

                                          ___________

                   IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

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To approve, on an emergency basis, an agreement to enter into a long-term subsidy contract

       for 15 years in support of the District’s Local Rent Supplement Program to fund housing

       costs associated with affordable housing units for Contract No. 2024-LRSP-05A with

       Congress LIHTC Owner LLC for units at 1109 Congress Street Apartments, located at

       1109 Congress Street, N.E.

       BE IT ENACTED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this

act may be cited as the "Local Rent Supplement Program Contract No. 2024-LRSP-05A with

Congress LIHTC Owner, LLC Emergency Act of 2024".

        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 notwithstanding the

requirements of 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 the agreement to

enter into a long-term subsidy contract, Contract No. 2024-LRSP-05A, with Congress LIHTC

Owner, LLC to provide an operating subsidy in support of 69 affordable units in an initial

amount not to exceed $2,087,724.00 annually.

       Sec. 3. 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. 4. Effective date.

       This act shall take effect following approval by the Mayor (or in the event of veto by the

Mayor, action by the Council to override the veto), and shall remain in effect for no longer than

90 days, as provided for emergency acts of the Council of the District of Columbia in section

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                                                                  ENROLLED ORIGINAL

412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788;

D.C. Official Code§ l-204.12(a)).

              ______________________________

              Chairman

              Council of the District of Columbia

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Mayor

District of Columbia

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