The resolution authorizes the emergency issuance of up to $88 million in District of Columbia revenue bonds to support the National Community Reinvestment Coalition, Inc. (NCRC). The funds will be utilized for financing, refinancing, or reimbursing costs related to a project that involves the refinancing of previous bonds for an office building located at 740 15th Street, NW, Washington, DC. It outlines the responsibilities of various officials, including the Mayor, in managing the bond issuance process while ensuring that the bonds are special obligations of the District, meaning they will not constitute a debt or involve the District's taxing power. The resolution highlights the project's potential to foster economic development and job creation within the District.

Additionally, the resolution stipulates that District officials will not be personally liable for the bonds or related obligations, and it ensures the validity of signatures on the bonds even if the signatory is no longer in office. It clarifies that the issuance of the bonds is at the District's discretion and does not guarantee the project's viability or the financial soundness of the borrower. The resolution includes provisions for expiration if the bonds are not issued within three years, a severability clause, and compliance with public approval requirements, taking effect immediately upon adoption.