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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 14. HOUSING |
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Chapter 14-36. D.C. GOVERNMENT EMPLOYER-ASSISTED HOUSING PROGRAM |
Section 14-3605. DISTRICT GOVERNMENT CONTRIBUTION
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3605.1Upon receipt of documentation acceptable to DHCD, DHCD shall reserve the sum of $500.00 in the Financial Management System (FMS) for each $2,500.00 saved by a participant, subject to subsection 3605.2 herein.
3605.2Downpayment Matching Funds contributed by DHCD shall not exceed a total of one $1,500.00 for each participant.
3605.3DHCD shall disburse the Downpayment Matching Funds at the time of settlement on the purchase of the housing unit.
3605.4Newly hired District of Columbia police officers, firefighters, emergency medical technicians, or teachers in a public or public charter school shall demonstrate that he or she has been employed as a District government employee in good standing for at least 3 years prior to application or verification that he or she has been a resident of the District for at least 1 year prior to application in order to be eligible to participate in Down Payment Matching.