District of Columbia § 42-2603 Dashboard; continuing eligibility.

District of Columbia Statutes

§ 42-2603 — Dashboard; continuing eligibility.

District of Columbia § 42-2603

Title 42Real Property.

Ch. 26Home Purchase Assistance Fund.

Subch. IGeneral Provisions.

This text of District of Columbia § 42-2603 (Dashboard; continuing eligibility.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 42-2603 (2026).

Text

(a)Repealed.

(1)DHCD shall maintain and publish a Program dashboard, which shall include, at a minimum:

(A)The total Program funding available, excluding administrative costs, as of the date of updating the dashboard;

(B)The underwriting guidelines and program rules for each Program administrator;

(C)For each fiscal year, the average amount of time it takes for each Program administrator and DHCD to:

(i)Issue a notice of eligibility after receiving an application for assistance;

(ii)Issue a notice to proceed after issuing a notice of eligibility; and

(iii)Enter into a final loan agreement after issuing a notice to proceed.

(2)DHCD shall update the dashboard every 5 business days when the level of available Program funding is at $5 million

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Repealed.

(1) DHCD shall maintain and publish a Program dashboard, which shall include, at a minimum:

(A) The total Program funding available, excluding administrative costs, as of the date of updating the dashboard;

(B) The underwriting guidelines and program rules for each Program administrator;

(C) For each fiscal year, the average amount of time it takes for each Program administrator and DHCD to:

(i) Issue a notice of eligibility after receiving an application for assistance;

(ii) Issue a notice to proceed after issuing a notice of eligibility; and

(iii) Enter into a final loan agreement after issuing a notice to proceed.

(2) DHCD shall update the dashboard every 5 business days when the level of available Program funding is at $5 million or above and every 2 business days when the level of available Program funding is below $5 million.

(c) Notwithstanding subsection (a) of this section:

(1) Applicants required by Program rules to receive housing counseling to receive assistance shall be permitted no less than 2 years after the completion of housing counseling to receive financial assistance from the Program;

(2) Priority in the allocation of assistance through the Fund shall be given to District of Columbia residents who are low income, elderly, displaced applicants, or residents with disabilities;

(3) The Mayor shall distribute Program funding to eligible applicants on a rolling basis upon availability of funding and shall not select applicants for funding based on a lottery or other similar randomization method;

(4) The Mayor shall not use loan-to-value ratio nor the amount of a participant's first trust mortgage on a housing unit to decide whether a participant will receive Program funding; and

(5) If Program funding is depleted before the end of the fiscal year in which an applicant receives a notice of eligibility, the notice of eligibility shall remain valid through at least the end of the next fiscal year with available funding.

Legislative History

Sept. 12, 1978, D.C. Law 2-103, § 4, 25 DCR 1977; Oct. 24, 1981, D.C. Law 4-44, § 2(c), 28 DCR 4265; June 11, 1992, D.C. Law 9-118, § 8(c), 39 DCR 3189; Mar. 20, 1998, D.C. Law 12-60, § 1101, 44 DCR 7378; May 9, 2000, D.C. Law 13-96, § 9(c), 47 DCR 1081