Approval of a long-term subsidy contract for affordable housing at Kennedy Gardens Apartments.
The bill approves a long-term subsidy contract between the District of Columbia Housing Authority and PBS Property Holdings, LLC for eight affordable housing units at Kennedy Gardens Apartments. The contract provides an annual operating subsidy not exceeding $255,552.00 to support extremely low-income households. The Council adopts the fiscal impact statement of the Chief Financial Officer and the resolution takes effect immediately.
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