The resolution, titled the Local Rent Supplement Program Contract No. 2025-LRSP-03A with 2607 Connecticut 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 two affordable housing units located at 2607 Connecticut Avenue, NW. The contract, with an initial annual subsidy amount not to exceed $50,116, aims to enhance the availability of affordable housing in the District.

Upon adoption, the resolution mandates the transmittal of 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, reflecting the Council's commitment to addressing housing affordability in the District.