The bill approves the assignment and assumption of a long-term subsidy contract for the Marietta Apartments from Jubilee Housing to Jubilee ADMO.

The bill approves an agreement among the District of Columbia Housing Authority, Jubilee Housing, and Jubilee ADMO to assign and assume a long-term subsidy contract for the Marietta Apartments. The contract will be extended for twenty years, providing continued affordable housing for extremely low-income households and individuals with disabilities. The Council's approval is necessary to authorize the assignment of the contract from Jubilee Housing to Jubilee ADMO and to extend the term of the contract. The resolution takes effect immediately.

The bill approves the assignment and assumption of a long-term subsidy contract for the Marietta Apartments from Jubilee Housing to Jubilee ADMO.

The bill approves an agreement among the District of Columbia Housing Authority, Jubilee Housing, and Jubilee ADMO to assign and assume a long-term subsidy contract for the Marietta Apartments. The contract will be extended for twenty years, providing continued affordable housing for extremely low-income households and individuals with disabilities. The Council's approval is necessary to authorize the assignment of the contract from Jubilee Housing to Jubilee ADMO and to extend the term of the contract. The resolution takes effect immediately.