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 agreement will provide financial support for affordable housing units located at 10 Q Street, NW, through the District's Local Rent Supplement Program. The contract is set for a duration of 20 years and will allocate an annual operating subsidy not to exceed $187,308 for five affordable housing units.

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, which has been adopted from the Chief Financial Officer, and the resolution is effective immediately upon its passage.