Local Rent Supplement Program Contract No. 2024-LRSP-05A with Congress LIHTC Owner, LLC Emergency Declaration Resolution of 2024

This bill declares an emergency to allow the District of Columbia Council to quickly approve a 15-year contract for the Local Rent Supplement Program. The agreement involves the District Housing Authority and Congress LIHTC Owner, LLC to provide rental subsidies for affordable units at the 1109 Congress Street Apartments. By designating this as an emergency, the bill permits the contract to be passed after a single reading rather than the usual multiple readings, enabling immediate funding for extremely low-income households.