D.C. Mun. Regs. tit. 10, r. 10-B3804

Current through Register Vol. 71, No. 36, September 6, 2024

Rule 10-B3804 - ELIGIBLE SINGLE FAMILY RESIDENCES

3804.1

The 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.

3804.2

The 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.

D.C. Mun. Regs. tit. 10, r. 10-B3804

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

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.