Approval of a long-term subsidy contract for affordable housing units in Washington, DC.
The District of Columbia Council approves a long-term subsidy contract with 2229 M Street NE Owner, LLC to provide affordable housing and permanent supportive housing units for extremely low-income families and individuals with disabilities. The contract, part of the Local Rent Supplement Program, will support 24 units at 2229 M Street, NE, with an annual subsidy of up to $615,228. The project aims to house extremely low-income households and meets the District's goals for affordable housing.
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