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 references prior legislative actions, including the introduction of the Avanti Real Estate, Inc. Real Property Tax Exemption Amendment Act of 2024 and the allocation of funds in the Fiscal Year 2026 Budget Support Act of 2025. It emphasizes the urgency of the situation, necessitating the adoption of this emergency legislation after a single reading to enable the Chief Financial Officer to access the allocated funds promptly. The resolution is set to take effect immediately upon adoption.