The resolution, titled the National Community Reinvestment Coalition, Inc., Revenue Bonds Project Emergency Declaration Resolution of 2025, declares an emergency to authorize the issuance of up to $88 million in District of Columbia revenue bonds. The funds from these bonds will be loaned to the National Community Reinvestment Coalition, Inc. (NCRC) to assist in financing, refinancing, or reimbursing costs associated with a specific project. This project includes refinancing previous revenue bonds used for the acquisition and development of an office building located at 740 15th Street, NW, Washington, DC, as well as covering related costs such as credit enhancements and issuance expenses.

The resolution emphasizes the urgency of expediting the bond issuance process due to current economic uncertainties in the financial markets, which could hinder the NCRC's ability to attract investors or secure favorable interest rates. By approving this emergency resolution, the Council aims to facilitate timely funding for the project, ensuring its completion and maximizing savings for the NCRC. The resolution takes effect immediately upon approval.