Resolution to expedite the issuance of up to $700 million in revenue bonds for DC Housing Solutions, Inc. to finance housing projects.

The resolution expedites the issuance of up to $700 million in District of Columbia revenue bonds to finance the DC Housing Solutions, Inc. project. This includes funding for working capital costs, interest on the bonds, credit enhancement costs, liquidity costs, debt service reserve fund, and allowable issuance costs. The bonds aim to provide maximum savings for the borrower and ensure the timely completion of the project. The resolution takes effect immediately, allowing for a single reading by the Council.

Resolution to expedite the issuance of up to $700 million in revenue bonds for DC Housing Solutions, Inc. to finance housing projects.

The resolution expedites the issuance of up to $700 million in District of Columbia revenue bonds to finance the DC Housing Solutions, Inc. project. This includes funding for working capital costs, interest on the bonds, credit enhancement costs, liquidity costs, debt service reserve fund, and allowable issuance costs. The bonds aim to provide maximum savings for the borrower and ensure the timely completion of the project. The resolution takes effect immediately, allowing for a single reading by the Council.