Jubilee Housing, Inc. - The Maycroft, Revenue Bonds Project Approval Resolution of 2024

This resolution authorizes the District of Columbia to issue up to $3.25 million in revenue bonds to provide a loan to Jubilee Housing, Inc. The funds will be used to refinance existing debt, purchase equipment and furnishings, and cover costs related to improvements at the organization's commercial rental facility located at 1474 Columbia Road NW. The project is classified as a commercial development undertaking under the District's Home Rule Act, and the resolution confirms that the initiative serves the public interest by supporting local economic development.