Approval of a long-term subsidy contract for affordable housing units in Washington, DC.
The bill approves a long-term subsidy contract with Flats at South Capitol LLC to provide affordable housing units for extremely low-income families and individuals with disabilities. The contract, under the Local Rent Supplement Program, will support 22 units with an annual subsidy not exceeding $486,960. The project aligns with the District's Consolidated Plan and the Mayor's goal for affordable housing. The resolution takes effect immediately upon approval.
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