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

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

Sponsored By: Sponsor information unavailable

Adopted

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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

Cosponsors

Phil Mendelson
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 12 • No: 0

House vote • 7/1/2025

Final Reading

Yes: 12 • No: 0

Actions Timeline

Resolution R26-0163, Effective from Jul 01, 2025 Published in DC Register Vol 72 and Page 007733
7/11/2025House
Approved with Resolution Number R26-0163
7/1/2025House
Legislative Meeting
7/1/2025House
Retained by the Council with comments from the Committee on Business and Economic Development
7/1/2025House
PR26-0242 Introduced by Chairman Mendelson at Office of the Secretary
6/24/2025House

Bill Text

Enrollment
7/1/2025
PDF
Introduced
6/24/2025
PDF

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