The resolution, titled the Local Rent Supplement Program Contract No. 2025-LRSP-04A with Harvard Court Owner, 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 22 affordable housing units at the Harvard Court Apartments, located at 1425 Harvard Street, NW. The contract, identified as Contract No. 2025-LRSP-04A, will allocate an annual operating subsidy not to exceed $707,035.

Upon adoption, the resolution mandates that a copy be transmitted to the District of Columbia Housing Authority and the Mayor. It also includes a fiscal impact statement from the Chief Financial Officer, confirming the financial implications of the contract. The resolution is effective immediately upon its passage by the Council of the District of Columbia.