Approval of a long-term subsidy contract for affordable housing units for extremely low-income households.

The bill approves a long-term subsidy contract between the District of Columbia Housing Authority and 950 Eastern Ave TM L.L.C. to provide affordable housing units for extremely low-income families. The contract aims to support thirteen permanent supportive housing units for families earning up to thirty percent of the area median income, as well as the chronically homeless and individuals with mental or physical disabilities. The annual subsidy amount is capped at $437,216. The resolution takes effect immediately upon approval.

Approval of a long-term subsidy contract for affordable housing units for extremely low-income households.

The bill approves a long-term subsidy contract between the District of Columbia Housing Authority and 950 Eastern Ave TM L.L.C. to provide affordable housing units for extremely low-income families. The contract aims to support thirteen permanent supportive housing units for families earning up to thirty percent of the area median income, as well as the chronically homeless and individuals with mental or physical disabilities. The annual subsidy amount is capped at $437,216. The resolution takes effect immediately upon approval.