The proposed bill establishes a Long Term Subsidy Contract (LTSC) between the District of Columbia Housing Authority (DCHA) and 10Q NW LLC to provide affordable housing units at The Barnett Aden located at 10 Q Street, NW. Under this agreement, DCHA will allocate an annual housing subsidy of $187,308 for twenty years through the Local Rent Supplement Program (LRSP), specifically targeting families with incomes not exceeding 30% of the area median income. The project will consist of 29 apartment units, including one, two, and three-bedroom options, with affordability levels set at 30%, 50%, and 80% of the Area Median Income (AMI). The bill also outlines the contractor selection process, compliance with housing quality standards, and the legal sufficiency of the contract, ensuring that the project aligns with the District's Consolidated Plan for affordable housing.

Additionally, the bill emphasizes the importance of labor standards, equal employment opportunities, and nondiscrimination in hiring practices during the construction of the housing units. It mandates that the owner must complete construction within specified timeframes and adhere to various federal and local regulations, including wage determinations under the Davis-Bacon Act. The bill also includes provisions for tenant protections, inspections, and the responsibilities of both DCHA and the property owner regarding the maintenance and leasing of the units. Overall, the LTSC aims to enhance housing affordability for low-income families in Washington, DC, while ensuring compliance with relevant laws and standards.