The "Malcolm X Extension of Disposition Authority and Term Sheet Amendment Act of 2025" aims to extend the time frame for the Mayor of the District of Columbia to dispose of the District-owned property known as Malcolm X, located at 1351 Alabama Avenue, SE. The bill proposes an amendment to the existing term sheet, updating the development plan to include a mixed-use building with approximately 150 residential units, 7,500 square feet of daycare space, and 2,000 square feet of retail space, with all rental units designated as affordable for households earning 30%, 50%, or 60% of the median family income.

Key changes in the bill include extending the disposition authority from two years to four years after the effective date, allowing the developer, Congress Park Community Partners, LLC, more time to meet project milestones. The deadline for the ground lease closing is also extended from March 10, 2025, to March 10, 2027. The bill reflects a reduction in the required number of housing units from 180 to 150 while maintaining the inclusion of daycare and retail spaces. 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.