Section 10-B3601. SCOPE OF AGENCY FINANCING AUTHORITY

Latest version.

3601.1The agency shall be empowered to make or originate the following:
(a) Loans to sponsors for the acquisition, construction, equipping, rehabilitation, mezzanine financing, interim financing, or permanent financing of rental projects for Eligible persons;

(b) Funds available for rent subsidy to be utilized by Eligible persons;

(c) Funds available in a loan guarantee fund to be used by the Agency to guarantee or insure loans in accordance with criteria established by the Agency; and

(d) Counseling programs, as part of residential services, available to low-income and moderate-income families who participate in rental projects funded by the Agency.

authority

Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

source

Final Rulemaking published at 28 DCR 4544, 4548 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014).

                    
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