Provident Group Girard Properties Inc. Revenue Bonds Project Approval Resolution of 2024
This resolution authorizes the District of Columbia to issue up to $15 million in revenue bonds to assist Provident Group Girard Properties Inc. in financing or refinancing a multifamily residential building at 654 Girard Avenue, NW. The funds will be used to pay off existing debt related to the acquisition of the 80-unit property from Howard University, cover working capital needs, and pay interest and issuance costs. The project qualifies for this financial support because it is located in the District and contributes to housing and economic development.
Bill status
signed
all 4 stages cleared
Introduction
May 2024
Committee Review
Jun 2024
Council Passage
Jun 2024
Signed into Law
Jun 2024
Introduced May 2, 2024
Signed Jun 25, 2024
Floor votes · Council Jun 25, 2024
How they voted
12–0
Passed · 1 other
Total votes 13
Jun 25, 2024
D
Democratic11
90% Yea
I
Independent2
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
13
Key actions
2
Committee
2
Jun 25, 2024
Council · Passed
Council Vote: pass (12-0-1)
Jun 25, 2024
Became law
Approved with Resolution Number R25-0538
Jun 6, 2024
Legislature · Reported by committee
Committee Mark-up of PR25-0751 by the Business and Economic Development Committee
May 7, 2024
Legislature · Referred to committee
Referred to Committee on Business and Economic Development
May 2, 2024
Legislature · Introduced
PR25-0751 Introduced by Chairman Mendelson at Office of the Secretary
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Phil Mendelson
DDemocratic
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