Multiyear Contract Number 2025-LRSP-03A with 2607 Connecticut LLC Approval Resolution of 2025

This resolution approves a 20-year housing subsidy contract for two affordable units at 2607 Connecticut Avenue NW. It authorizes the District of Columbia Housing Authority to provide an annual subsidy of $50,116 to 2607 Connecticut LLC under the Local Rent Supplement Program (LRSP). The subsidy supports extremely low-income households (earning 30% or less of the area median income) by allowing the property owner to lease these units at below-market rates. The resolution is procedural, formally endorsing an existing agreement rather than creating new policy.