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

This bill approves an extension and transfer of a long-term housing subsidy contract for 7 affordable units at the Fuller Apartments (1650 Fuller Street, NW). It assigns the existing contract from Jubilee Housing Limited Partnership to its affiliate, Jubilee ADMO Apartments LP, and extends the contract term by 20 years (through 2046). This allows Jubilee ADMO to secure long-term financing for moderate rehabilitation of the building while continuing to provide affordable housing for extremely low-income residents, including the chronically homeless, elderly, and people with disabilities, under the District's Local Rent Supplement Program. The change directly affects the 7 subsidized units at Fuller Apartments and ensures ongoing funding for these housing costs.