Section 10-B3804. ELIGIBLE SINGLE FAMILY RESIDENCES

 

3804.1The Agency may finance single family residences located in the District which satisfy the applicable requirements of the Act , I.R.S. regulations, the Department of Housing and Urban Development or other laws, rules, regulations, Program documents and guidelines applicable under the Agency’s financing plan.

 

3804.2The Program documents for eligible Single-family residences may provide the following:

 

(a)Types of units to be financed (attached or detached single family, condominiums, cooperatives, new construction, substantial rehabilitation, existing homes);

 

(b)Maximum purchase price for each type of unit;

 

(c)Minimum number of occupants for units of different sizes;

 

(d)In the case of condominium or cooperative units, pre-sale requirements, approval requirements, and maximum number of units to be financed in any building or project; and

 

(e)Targeted areas.

 

 

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 30 DCR 4930, 4934 (September 23, 1983); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014).