The proposed bill establishes a Long Term Subsidy Contract (LTSC) between the District of Columbia Housing Authority (DCHA) and 10Q NW LLC for the development of affordable housing units at The Barnett Aden, located at 10 Q Street, NW. The agreement aims to provide project-based rental subsidies under the Local Rent Supplement Program (LRSP) for five housing units designated for families with incomes not exceeding 30% of the area median income. DCHA will allocate an annual housing subsidy of $187,308 over a 20-year term, with the possibility of a five-year automatic renewal, contingent upon available appropriations. The total development cost for the project is estimated at $17.6 million, and it is designed to meet Nearing Net Zero standards while including community space.

The bill outlines the responsibilities of both DCHA and the property owner, including compliance with housing quality standards, tenant screening, and non-discrimination in leasing practices. It mandates that owners maintain the units in good condition and adhere to the terms of the LTSC, which includes provisions for rental subsidy calculations and the handling of vacancies. Additionally, the bill emphasizes the importance of labor standards, equal employment opportunities, and compliance with federal and local regulations throughout the project. Overall, the legislation aims to enhance affordable housing availability for low-income families while ensuring regulatory compliance and tenant protections.