The proposed bill establishes a long-term subsidy contract between the District of Columbia Housing Authority (DCHA) and 2151 California Associates LLC for the development of affordable housing units at The Bobbi Apartments, located at 2151 California Street, NW. DCHA will provide an annual housing subsidy of $125,400 for 20 years to support the Local Rent Supplement Program (LRSP), which aims to create three affordable housing units. The project involves renovating an existing 23-unit residential property to enhance accessibility and energy efficiency while preserving its historic features. The bill outlines the competitive selection process for the contractor and emphasizes the importance of fulfilling the contract terms to ensure the successful delivery of affordable housing in the District.

Additionally, the bill details the responsibilities of DCHA in administering the LRSP, including compliance with regulations and the provision of a 7.6% administrative fee. It mandates that all work related to the subsidy contract must be completed by specified deadlines, with provisions for extensions in cases of unforeseen delays. The bill also includes stipulations regarding tenant protections, contractor responsibilities, and compliance with labor standards, ensuring that the project adheres to fair housing practices and maintains quality living conditions for low-income families. Overall, the legislation aims to enhance affordable housing options while ensuring accountability and compliance with applicable laws and regulations.