The resolution approved by the Council of the District of Columbia on May 6, 2025, authorizes a long-term subsidy contract for 20 years under the Local Rent Supplement Program. This contract, designated as Contract No. 2025-LRSP-03A, is with 2607 Connecticut LLC and aims to provide financial support for housing costs associated with two affordable housing units located at 2607 Connecticut Avenue, NW. The annual operating subsidy is capped at $50,116.

The resolution outlines the procedural framework for its approval, referencing relevant sections of the District of Columbia Home Rule Act and the Procurement Practices Reform Act. It mandates the transmittal of the resolution to the District of Columbia Housing Authority and the Mayor upon adoption and includes a fiscal impact statement from the Chief Financial Officer. The resolution is effective immediately upon its passage.