ENROLLED ORIGINAL
A RESOLUTION
24-203
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
July 13, 2021
To approve an agreement to enter into a long-term subsidy contract for 15 years in support of the
Districts Local Rent Supplement Program to fund housing costs associated with
affordable housing units for Contract No. 2020-LRSP-03A with 1515 North Capitol,
LLC for program units at 1515 North Capitol Street Apartments located at 1515 North
Capitol Street N.E.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the Local Rent Supplement Program Contract No. 2020-LRSP-03A
Approval Resolution of 2021.
Sec. 2. Pursuant to section 451 of the District of Columbia Home Rule Act, approved
December 24, 1973 (87 Stat. 803; D.C. Official Code 1-204.51), and section 202 of the
Procurement Practices Reform Act of 2010, effective April 8, 2011 (D.C. Law 18-371; D.C.
Official Code 2-352.02), the Council approves the long-term subsidy contract, Contract
No. 2020-LRSP-03A, with 1515 North Capitol, LLC to provide an operating subsidy in
support of 75 affordable units in an initial amount not to exceed $2,268,000 annually.
Sec. 3. Transmittal.
The Council shall transmit a copy of this resolution, upon its adoption, to the District of
Columbia Housing Authority and the Mayor.
Sec. 4. Fiscal impact statement.
The Council adopts the fiscal impact statement of the Chief Financial Officer as the
fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975,
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code 1-301.47a).
Sec. 5. Effective date.
This resolution shall take effect immediately.
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