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

This bill approves a 20-year extension and transfer of a long-term housing subsidy contract for the Sorrento Apartments (2233 18th Street NW) in Washington, D.C. It assigns the existing contract from Jubilee Housing Limited Partnership II to its affiliate, Jubilee ADMO Apartments LP, to enable rehabilitation financing for 17 affordable units. The contract extension (to February 2046) ensures continued funding for extremely low-income households (earning 0-30% of area median income), including homeless individuals and those with disabilities, under the District’s Local Rent Supplement Program. This administrative change directly affects the affordable housing residents at Sorrento Apartments without altering subsidy rates or tenant eligibility.