Section 10-B4103. THE HOUSING PRODUCTION TRUST FUND BOARD

 

4103.1The Mayor shall establish an advisory Housing introduction Trust Fund Board (Board) to advise DHCD on the development, financing and operation of the Fund and other matters related to the planning and production of housing for low and moderate income households.

 

4103.2The Board shall offer advice with respect to the following functions of the DHCD Director:

 

(a)Identifying and developing sources of private and public capital for the Fund and its projects, to ensure the growth and continuation of the Fund and the achievement of its mission;

 

(b)Advocating participation in the Fund and its activities by private for-profit and non-profit entities to increase the production of affordable housing and related facilities for low, very low and extremely low income households;

 

(c)Developing strategies to leverage capital for profit and non-profit community development corporations, public development corporations and similar entities and to identify other resources available for the production of affordable housing for low, very low and extremely low income households;

 

(d)Monitoring, reviewing, and analyzing Fund programs and operations, providing guidance on the most effective private and public market practices for management of the Fund;

 

(d1)Monitoring, reviewing and analyzing the actions required to ensure that funds are allocated and used as required by Title V of the Housing Act of 2002 (D.C. Law 14-114);

 

(e)Encouraging and assisting housing developers, particularly non-profit housing developers, to effectively and efficiently access the Fund, DHCD, and private sector real estate finance opportunities to secure debt and equity capital required to provide affordable housing opportunities and on-site child development facilities for low, very low and extremely low income households; and

 

(f)Allocating funds between the Housing Production Component and the Special Financial Products Component.

 

source

Final Rulemaking published at 36 DCR 8631, 8635 (December 29, 1989); as amended by Final Rulemaking published at 49 DCR 10582(November 22, 2002); as amended by Emergency Rulemaking published at 50 DCR 1605(February 14, 2003) [EXPIRED].