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 will support the funding of housing costs for two affordable housing units located at 2607 Connecticut Avenue, NW. The agreement stipulates an annual operating subsidy not to exceed $50,116.

Upon adoption, the resolution mandates that a copy be transmitted 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 upon its passage.