DC Housing Solutions, Inc. Revenue Bonds Project Emergency Approval Resolution of 2025

This resolution authorizes the District of Columbia to issue up to $700 million in tax-exempt revenue bonds for DC Housing Solutions, Inc. (a nonprofit 501(c)(3) organization) to finance the renovation of 19 multifamily housing buildings across seven wards, totaling 3,497 units. The bonds will be used to cover costs for acquiring, renovating, and modernizing these buildings - specifically including projects like Carroll Apartments (60 units) and Claridge Towers (343 units) - without using District general funds or taxing power. The District bears no financial liability, as the bonds are non-recourse and do not constitute a debt of the District under the Home Rule Act. This directly affects residents of the 3,500 renovated housing units across Wards 1, 2, 3, 5, 6, 7, and 8.