The resolution proposes an increase in funding for the Local Rent Supplement Program (LRSP) to support affordable housing units at the Flats at South Capitol Apartments, located at 3848 South Capitol Street, SE. The District of Columbia Housing Authority (DCHA) is requesting an increase in the annual LRSP housing subsidy from $486,960 to $845,490.67 for a multi-year term of twenty years, which will facilitate the provision of twenty-two affordable housing units for extremely low-income households, specifically those earning 30% or less of the area median income.

This funding increase is necessary to ensure the long-term affordability of the housing units and to meet the immediate needs of extremely low-income residents in the District. The resolution outlines the legislative framework supporting the LRSP, which was established to provide affordable housing and supportive services to vulnerable populations, including the homeless and individuals with disabilities. Upon adoption, the resolution will be transmitted to the DCHA and the Mayor, and it will take effect immediately.