The "Malcolm X Extension of Disposition Authority and Term Sheet Amendment Act of 2025" aims to extend the Mayor of the District of Columbia's authority to dispose of the District-owned property at 1351 Alabama Avenue, SE, by two years, moving the deadline from March 10, 2025, to March 10, 2027. The bill also modifies the existing term sheet with the developer, Congress Park Community Partners, LLC, reducing the required number of residential units from 180 to 150 while still facilitating the development of a mixed-use property that includes affordable housing, daycare, and retail spaces.

Key amendments include extending the disposition authority from two years to four years after the effective date and updating the term sheet to reflect the new development plan. The Mayor is required to transmit the amended term sheet and draft land disposition and development agreement to the Council for approval. The fiscal impact statement confirms that there are sufficient funds in the budget for fiscal years 2025 through 2028 to implement the bill without incurring additional costs.