The proposed resolution, introduced by Councilmembers Kenyan R. McDuffie and Brianne K. Nadeau, seeks to declare an emergency regarding the need for the Chief Financial Officer to have the authority to forgive up to $377,000 in real property taxes and related charges for a property owned by Avanti Real Estate Services, LLC, located at 3421 14th Street, N.W. This financial relief is intended to support the company's mission of providing real estate and brokerage services that promote generational wealth through homeownership, while also creating job opportunities and offering education and training in the real estate sector.

The resolution highlights that the necessary funds for this tax forgiveness were allocated in the Fiscal Year 2026 budget as part of an amendment passed during the budget support act. Given the urgency of the situation, the resolution calls for immediate adoption after a single reading to ensure that the Chief Financial Officer can access these funds without delay.