D.C. Mun. Regs. tit. 14, r. 14-2500

Current through Register Vol. 71, No. 43, October 25, 2024

Rule 14-2500 - GENERAL PROVISIONS

2500.1

The purpose of the District of Columbia Home Purchase Assistance Program (HPAP) shall be as follows:

(a) To provide financial assistance to lower and moderate income residents of the District;

(b) To enable lower and moderate income residents to purchase decent, safe and sanitary homes within the District;

(c) To enable lower and moderate income residents to make a down payment toward the purchase of a home within the District; or

(d) To enable lower and moderate income residents to make a share payment or other payment to a housing cooperative to secure occupancy rights to a home within the District as his or her principal place of residence.

2500.2

The administration of the Program shall be the responsibility of the District of Columbia Department of Housing and Community Development (DHCD).

2500.3

The DHCD may, in its discretion, contract with a qualified contractor(s) for the operation of the Program, consistent with this chapter.

2500.4

No officer, employee or agent of the District of Columbia Government who exercises any functions or responsibility in connection with the administration of the Home Purchase Assistance Program shall be allowed to have any interest, direct or indirect, in the proceeds of a loan or any contract entered into by the applicant for the purchase of property financed in whole or in part with the proceeds of the loan. However, District of Columbia Government employees otherwise eligible may receive loans in accordance with the procedures, rules and regulations of the Program.

2500.5

The Director, for good cause shown in writing, reserves the right to waive any provision of this chapter as he or she considers appropriate.

2500.6

The DHCD may establish other administrative procedures as it deems necessary to insure effective administration of the Program, consistent with this chapter.

2500.7

The DHCD shall provide financial assistance to applicants on terms related to the applicants' income level.

D.C. Mun. Regs. tit. 14, r. 14-2500

Notice of Final Rulemaking published at 28 DCR 526 (January 30, 1981); as amended by Notice of Final Rulemaking published at 33 DCR 2775 (May 9, 1986); and Notice of Final Rulemaking published at 34 DCR 4394 (July 10, 1987)

AUTHORITY: Unless otherwise noted, the authority for this chapter is subsection 5(d) of the District of Columbia Community Development Act of 1975, D.C. Law 1-39, D.C. Official Code § 6-1004(d) (2001) and Mayor's Order 76-111, dated May 3, 1976, published at 22 DCR 6367 (May 14, 1976).