Approval of a multiyear contract with 2607 Connecticut LLC for affordable housing subsidies in the District of Columbia.
This bill approves a multiyear contract with 2607 Connecticut LLC to provide affordable housing subsidies for extremely low-income households. The contract involves an agreement between the District of Columbia Housing Authority and 2607 Connecticut LLC to lease rehabilitated units at 2607 Connecticut Avenue. The contract authorizes an Annual Long-Term Subsidy Contract (ALSTC) to support rental subsidies and allows the owner to house extremely low-income households.
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