5923904 Resolution 21-424, Local Rent Supplement Program Contract No. 2014-LRSP-06A Approval Resolution of 2016

A RESOLUTION

                                                        

21-424

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

March 1, 2016        

 

 

To approve an agreement to enter into a long-term subsidy contract for 15 years in support of the District’s Local Rent Supplement Program to fund housing costs associated with affordable housing units for Contract No. 2014-LRSP-06A with NSV Residential, LLC, for program units located at 1333 N Street, N.W., Washington, D.C. 20005.  

 

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Local Rent Supplement Program Contract No. 2014-LRSP-06A Approval Resolution of 2016”.

 

Sec. 2.  (a) In 2007, the District passed title II of the Fiscal Year 2007 Budget Support Act of 2006 (“BSA”) to provide funding for affordable housing for extremely low-income households in the District.  The passage of the BSA created the Local Rent Supplement Program (“LRSP”), a program designed to provide affordable housing and supportive services to extremely low-income District residents, including those who are homeless or in need of supportive services, such as elderly individuals or those with disabilities, through project-based, tenant-based and sponsored-based LRSP affordable housing units. The BSA provided for the District of Columbia Housing Authority (“DCHA”) to administer the LRSP on behalf of the District. 

(b)  In April 2014, the DCHA participated in a Request for Proposals issued by the District of Columbia Department of Housing and Community Development. Of the total proposals received, 12 developers were chosen to work with DCHA and other District agencies to develop affordable housing and permanent supportive housing units for extremely low-income families making from 0% to 30% of the area’s median income, as well as the chronically homeless and individuals with mental or physical disabilities. Upon approval of the agreement to enter into a long-term contract (“ALTSC”) by the Council, DCHA will execute the agreement with the selected housing provider under the LRSP.

(c) There exists an immediate need to approve the ALTSC with NSV Residential, LLC, in order to provide long-term affordable housing units for extremely low-income households in the District for units located at 1333 N Street, N.W.  

(d) The Council’s approval authorizes the ALTSC between DCHA and NSV Residential, LLC, with respect to the payment of rental subsidy, and allows the owner to lease the rehabilitated units at N Street Village and house District extremely low-income households with incomes at 30% or less of the area median income.

 

Sec. 3. Pursuant to section 451 of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 803; D.C. Official Code § 1-204.51), and section 202 of the Procurement Practices Reform Act of 2010, effective April 8, 2011 (D.C. Law 18-371; D.C. Official Code § 2-352.02), the Council approves the ALTSC with NSV Residential, LLC, to provide an operating subsidy in support of 37 affordable housing units, in an initial amount not to exceed $574,536 annually.

 

            Sec. 4.  Transmittal.

The Council shall transmit a copy of this resolution, upon its adoption, to DCHA and the Mayor.

 

Sec. 5. Fiscal impact statement.

The Council adopts the fiscal impact statement of the Chief Financial Officer as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).

 

Sec. 6. Effective date.

This resolution shall take effect immediately.