5776173 Public Hearing on B21-0481, Home Purchase Assistance Program Amendment Act of 2015

 

Councilmember Anita Bonds, Chairperson
Committee on Housing and Community Development

Announces a Public Hearing of the Committee on

B21-0481, the “Home Purchase Assistance Program Amendment Act of 2015”

on

                                              Thursday, January 7, 2016, at 10:00 AM                                             

John A. Wilson Building, Room 500

1350 Pennsylvania Avenue, NW

                                                           Washington, DC 20004                      

 

Councilmember Anita Bonds, Chairperson of the Committee on Housing and Community Development, will hold a public hearing on B21-0481, the “Home Purchase Assistance Program Amendment Act of 2015”. The public hearing will be held on Thursday, January 7, 2016, at 10:00 AM in Room 500 of the John A. Wilson Building.

 

The stated purpose of B21-0481 is to make changes to the District's Home Purchase Assistance Program. It requires the Mayor to review the repayment structure of the Home Purchase Assistance Program, often referred to as HPAP, and provide additional repayment options for the lowest income loan recipients. Options to be included are a graduated repayment system and the postponement of repayment on individual loans until after the home is sold. The bill also seeks to increase the maximum loan amount from $50,000 to $80,000. The bill requires the Mayor to submit the revised repayment system to the Council within 60 days after the bill becomes effective.

 

Those who wish to testify are requested to telephone the Committee on Housing and Community Development, at [phone], or email [e-mail], and provide their name, address, telephone number, organizational affiliation and title (if any), by close of business on January 6, 2016.  Persons wishing to testify are encouraged to submit 15 copies of written testimony. Oral testimony should be limited to three minutes for individuals and five minutes for organizations.

 

If you are unable to testify at the public hearing, written statements are encouraged and will be made a part of the official record.  Written statements should be submitted to the Committee on Housing and Community Development, John A. Wilson Building, 1350 Pennsylvania Avenue, N.W., Suite 112, Washington, D.C. 20004. The record will close at 5:00 p.m. on Thursday, January 21, 2016.