District of ColumbiaPR26-0242Council Period 26 (2025-2026)HouseWALLET

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

Sponsored By: Phil Mendelson (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

DC bonds to renovate 3,497 apartments

The law authorizes up to $700 million in District revenue bonds. The District loans the money to DC Housing Solutions, Inc., a nonprofit. Funds pay to renovate and modernize 19 named apartment buildings with 3,497 rental units and parking. Money can also buy equipment and furnishings, cover working capital, and pay interest, credit enhancement, liquidity or reserve fund costs, and issuance costs. The authorization lets the bonds be issued quickly so the project can move forward and save money.

Sponsors & Cosponsors

Sponsor

Phil Mendelson
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 12 • No: 0

House vote • 7/1/2025

Final Reading