The resolution, titled the Local Rent Supplement Program Contract No. 2025-LRSP-01A with 2151 California Associates LLC Approval Resolution of 2025, authorizes a long-term subsidy contract for 20 years to support the District's Local Rent Supplement Program. This agreement will provide funding for housing costs associated with three affordable housing units located at The Bobbi, situated at 2151 California Street, NW. The contract, identified as Contract No. 2025-LRSP-01A, will allocate an operating subsidy not exceeding $125,400 annually.

Upon adoption, the resolution mandates the Council to transmit a copy to the District of Columbia Housing Authority and the Mayor. It also incorporates the fiscal impact statement from the Chief Financial Officer, ensuring compliance with legislative procedures. The resolution is effective immediately upon its passage by the Council.