The bill approves the assignment and extension of a long-term subsidy contract for affordable housing units at the Ritz Apartments.

The bill authorizes the District of Columbia Housing Authority (DCHA) to assign and extend a long-term subsidy contract for the Ritz Apartments, an affordable housing project. The contract, originally with Jubilee Housing, is assigned to Jubilee ADMO, an affiliate of Jubilee Housing. The extension continues the operating subsidy for 25 affordable housing units for 20 years. The Council approves this agreement to ensure continued long-term affordable housing for extremely low-income households. The resolution takes effect immediately.

The bill approves the assignment and extension of a long-term subsidy contract for affordable housing units at the Ritz Apartments.

The bill authorizes the District of Columbia Housing Authority (DCHA) to assign and extend a long-term subsidy contract for the Ritz Apartments, an affordable housing project. The contract, originally with Jubilee Housing, is assigned to Jubilee ADMO, an affiliate of Jubilee Housing. The extension continues the operating subsidy for 25 affordable housing units for 20 years. The Council approves this agreement to ensure continued long-term affordable housing for extremely low-income households. The resolution takes effect immediately.