D.C. Mun. Regs. tit. 10, r. 10-B3601

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 10-B3601 - SCOPE OF AGENCY FINANCING AUTHORITY

3601.1

The agency shall be empowered to make or originate the following:

(a) Loans to sponsors for the acquisition, construction, equipping, rehabilitation, mezzanine financing, interim financing, or permanent financing of rental projects for Eligible persons;

(b) Funds available for rent subsidy to be utilized by Eligible persons;

(c) Funds available in a loan guarantee fund to be used by the Agency to guarantee or insure loans in accordance with criteria established by the Agency; and

(d) Counseling programs, as part of residential services, available to low-income and moderate-income families who participate in rental projects funded by the Agency.

D.C. Mun. Regs. tit. 10, r. 10-B3601

Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); 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.