Section 10-B4109. THE SPECIAL FINANCIAL PRODUCTS COMPONENT

 

4109.1Funds allocated to the Special Financial Products Component may be used to provide Special Financial Products to Eligible Borrowers, described in §4106.1 who may be eligible to make an application for a Housing Production Loan.

 

4109.2Special Financial Products may be used to provide the following types of assistance:

 

(a)[DELETED];

 

(b)Bridge loans and gap financing to reduce up-front costs and costs of residential development and to continue the construction or rehabilitation of a property, should circumstances change adversely during development;

 

(c)[DELETED];

 

(d)[DELETED];

 

(e)Loans or grants to provide on-site child development facilities for housing or commercial developments financed, assisted or constructed as a result of a linked development program approved by the D.C. Zoning Commission;

 

(f)[DELETED];

 

(g1)Loans authorized under the Homestead Housing Preservation Act of 1986, effective August 9, 1986 (D.C. Law 6-135; D.C. Official Code § 42-2101 et seq.);

 

(g2)Payments for services authorized under section 6a of the Homestead Housing Preservation Program Act of 1986, effective August 9, 1986 (D.C. Law 6-135; D.C. Official Code § 42-2101 et seq.);

 

(g3)Loans and grants for the rehabilitation of single-family homes made under the Department of Housing and Community Development Single-Family Residential Rehabilitation Program or any successor program; and

 

(h)Other loans for housing production determined by DHCD to be consistent with these Rules and the purposes of the Act.

 

source

Final Rulemaking published at 36 DCR 8631, 8644 (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].