The proposed bill establishes a loan agreement between the District of Columbia and the DC Green Finance Authority (DC Green Bank) for a total amount not to exceed $19,918,127.40, aimed at creating the Resilient Housing for All Revolving Loan Fund. This fund will provide low-interest loans to affordable housing developers for projects that enhance resilience against natural hazards, with funding sourced from $18,104,620.20 in FEMA grants and $1,813,507.20 from the Housing Production Trust Fund (HPTF). The loan will have a 20-year term with a 0% interest rate, and repayments will begin no later than one year after the loan agreement is executed. The bill emphasizes the importance of protecting vulnerable populations and ensuring that projects adhere to affordability restrictions.

Additionally, the bill outlines the roles and responsibilities of various agencies involved in administering the loan fund, including the Department of Housing and Community Development (DHCD) and the Homeland Security and Emergency Management Agency (HSEMA). It mandates compliance with federal and local regulations, establishes a project selection process, and emphasizes the need for transparency and accountability in the management of funds. The bill aims to enhance the District's capacity to finance affordable and resilient housing initiatives while ensuring that the funds are utilized effectively for intended hazard mitigation projects.