D.C. Mun. Regs. tit. 10, r. 10-B4109
Current through Register Vol. 71, No. 44, November 1, 2024
Rule 10-B4109 - THE SPECIAL FINANCIAL PRODUCTS COMPONENT4109.1Funds 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:
(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;(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;(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 6 a 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.D.C. Mun. Regs. tit. 10, r. 10-B4109
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]