Approval of a long-term subsidy contract for affordable housing units for extremely low-income households.
The bill approves a long-term subsidy contract with 2151 California Associates LLC to provide affordable housing units for extremely low-income households. The contract, under the Local Rent Supplement Program, will allow the owner to lease rehabilitated units at 2151 California Street, NW. The Council adopted the fiscal impact statement of the Chief Financial Officer and the resolution takes effect immediately.
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