PR 26-0242 Legislature · 26th Council Period (2025-2026)

DC Housing Solutions, Inc. Revenue Bonds Project Emergency Declaration Resolution of 2025

This resolution authorizes $700 million in tax-exempt revenue bonds for DC Housing Solutions, Inc. (a nonprofit housing organization) to finance the renovation of 19 apartment buildings across seven Washington, D.C. wards, totaling approximately 3,500 rental units. The bonds will cover costs like building renovations, equipment, and interest, with proceeds directly loaned to the nonprofit for these projects. Crucially, the resolution states the bonds are "without recourse to the District," meaning the District of Columbia bears no financial liability if the nonprofit cannot repay the bonds. The emergency declaration aims to expedite this funding process amid current market conditions.

Issues: ✓ Housing

Sub-Topics: Housing Finance

Bill status signed all 4 stages cleared

Introduction

Jun 2025

Committee Review

Jul 2025

Council Passage

Jul 2025

Signed into Law

Jul 2025

Introduced Jun 24, 2025 Signed Jul 1, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduction → Enrollment · 4 edits

MODERATE

The document transformed from a mayor's letter introducing a proposed resolution into the official enrolled version of the resolution itself. The text was reformatted from a letter format to a formal legislative resolution, with some minor wording adjustments and corrections throughout. The substantive policy content regarding the $700 million bond authorization for DC Housing Solutions, Inc. remains unchanged.

TECHNICAL

The document format changed from a mayor's letter introducing a resolution to the official enrolled resolution text itself, removing the letter header and signature block while adding enrollment markings.

Minor text corrections were made throughout, including fixing typos like 'ammmt' to 'amount', standardizing punctuation around dollar amounts, and correcting street address formatting (e.g., adding 'Street' before 'NW' in some instances).

The enrolled version includes additional subsections (4) and (5) regarding funding interest on bonds and paying issuance costs that were present in the original text but appeared fragmented in the introduction version.

The date changed from June 24, 2025 in the letter to July 1, 2025 in the enrolled version, reflecting when the resolution was officially enrolled.

Floor votes · Council Jul 1, 2025

How they voted

12–0

Passed

Total votes 12

Jul 1, 2025

D Democratic10

10 Yea

100% Yea

I Independent2

2 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 1, 2025

Council · Passed

Council Vote: pass (12-0)

council

Jul 1, 2025

Committee

Retained by the Council with comments from the Committee on Business and Economic Development

legislature

Jun 24, 2025

Introduced

PR26-0242 Introduced by Chairman Mendelson at Office of the Secretary

legislature

1 primary · 0 co-sponsors