The proposed bill seeks to facilitate the assignment, assumption, and amendment of a Long Term Subsidy Contract (LTSC) between the District of Columbia Housing Authority (DCHA) and Jubilee Housing Limited Partnership, transferring the contract to Jubilee ADMO Apartments LP. This contract, originally established under number 0076-2007-00XXL, will be extended for an additional twenty years, allowing Jubilee ADMO Apartments LP to secure long-term financing for the moderate rehabilitation of the Mozart Apartments. The extension aims to ensure continued rental assistance for eligible residents and maintain the operation of the program at these apartments, with an annual subsidy amount of up to $408,480 funded through DCHA's operating budget for Fiscal Year 2026.

Key provisions of the agreement include compliance with Housing Quality Standards (HQS) for the units covered under the LTSC, as well as the deletion and replacement of the existing Exhibit C of Contract Units and Rents with a new schedule. The legal review by DCHA's Office of the General Counsel has confirmed the agreement's legal sufficiency, and it is noted that there are no pending legal claims against DCHA from Jubilee ADMO. The bill emphasizes the importance of maintaining full occupancy of assisted units to support low-income residents and reduce housing instability while facilitating the rehabilitation of The Mozart Apartments.