The resolution, titled the Local Rent Supplement Program Contract No. 2025-LRSP-05A with 10Q NW LLC Approval Resolution of 2025, authorizes a long-term subsidy contract between the District of Columbia and 10Q NW LLC. This contract, which spans 20 years, aims to support the District's Local Rent Supplement Program by providing funding for housing costs associated with five affordable housing units located at 10 Q Street, NW. The annual operating subsidy is capped at $187,308.

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