Assignment, Assumption and Amendment of Long Term Subsidy Contract for the Marietta Apartments by and among the District of Columbia Housing Authority, Jubilee Housing Limited Partnership, and Jubilee ADMO Apartments LP Approval Resolution of 2025

This bill approves the transfer and 20-year extension of a long-term subsidy contract for the Marietta Apartments, an affordable housing building at 2418 17th Street, NW. The contract, originally established in 2007 under the District's Local Rent Supplement Program, will move from Jubilee Housing Limited Partnership to its affiliate Jubilee ADMO Apartments LP to secure financing for moderate rehabilitation. The extension ensures continued funding for 9 affordable units serving extremely low-income residents (earning 0-30% of area median income), including chronically homeless individuals and people with disabilities, through 2046. This change maintains existing housing support without requiring a new competitive bidding process.