The proposed bill establishes a Long-Term Subsidy Contract (LTSC) between the District of Columbia Housing Authority (DCHA) and Flats at South Capitol LLC, aimed at developing affordable housing at 3838 South Capitol Street, SE. The contract will provide an annual subsidy of $486,960 for a duration of fifteen years to support the construction of twenty-two affordable housing units under the Local Rent Supplement Program (LRSP). The project is designed to cater to low-to-moderate income residents, with a significant portion of the units designated for Permanent Supportive Housing for extremely low-income families. The bill outlines the terms of the agreement, including compliance with housing quality standards, tenant protections, and the prohibition against displacing current tenants.

Additionally, the bill emphasizes the importance of equal opportunity and non-discrimination in employment practices related to the project, requiring contractors to adhere to specific affirmative action measures. It mandates that all rental subsidy payments must not exceed what is necessary for housing for Extremely Low Income households and includes provisions for compliance with federal and local regulations. The bill also details the responsibilities of property owners in maintaining the units, ensuring they meet safety and sanitary standards, and outlines the process for inspections and potential penalties for non-compliance. Overall, the legislation aims to enhance affordable housing options while ensuring accountability and equitable practices in the execution of the LTSC.