The resolution, titled the "DC Housing Solutions, Inc. Revenue Bonds Project Emergency Declaration Resolution of 2025," declares an emergency to authorize the issuance of up to $700 million in District of Columbia revenue bonds. The funds from these bonds will be loaned to DC Housing Solutions, Inc., a nonprofit organization, to finance, refinance, or reimburse costs associated with the renovation and rehabilitation of 19 multifamily residential rental apartment buildings in Washington, DC. These buildings collectively contain 3,497 rental units and are located at various addresses throughout the city.

The resolution emphasizes the urgency of expediting the bond issuance process due to current economic uncertainties in the financial markets, which could hinder the Borrower's ability to attract investors or secure favorable interest rates. By approving this resolution, the Council aims to ensure that the necessary funds are available promptly, allowing the project to proceed without delays and maximizing potential savings for the Borrower. The resolution is effective immediately upon adoption.