District of Columbia § 6-1061.04 Authority to transfer moneys from the Housing Production Trust Fund and the industrial revenue bond special account.

District of Columbia Statutes

§ 6-1061.04 — Authority to transfer moneys from the Housing Production Trust Fund and the industrial revenue bond special account.

District of Columbia § 6-1061.04

JurisdictionDistrict of Columbia

Title 6Housing and Building Restrictions and Regulations.

Ch. 10Community Development.

Subch. III-AWorkforce Housing Production Program.

Part AWorkforce Housing Land Trust Design and Implementation Plan.

This text of District of Columbia § 6-1061.04 (Authority to transfer moneys from the Housing Production Trust Fund and the industrial revenue bond special account.) 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 § 6-1061.04 (2026).

Text

(a)The Mayor may make a one-time transfer of $4 million from the Housing Production Trust Fund to such accounts or sub-accounts as may be established pursuant to the trust agreement to be entered into pursuant to 6-1061.02(e) [now (f)].

(1)The Mayor may make a one-time transfer of $1 million from the industrial revenue bond special account established under § 47-131(c)(4) to such accounts or sub-accounts as may be established pursuant to the trust agreement to be entered into pursuant to 6-1061.02(e) [now (f)]. The funds transferred pursuant to this subsection may be used to assist eligible households whose annual incomes do not exceed 120% of the area median income.

(2)For the purposes of this subsection, the terms “area median income” and “eligible households” shall have the sam

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(a) The Mayor may make a one-time transfer of $4 million from the Housing Production Trust Fund to such accounts or sub-accounts as may be established pursuant to the trust agreement to be entered into pursuant to 6-1061.02(e) [now (f)].

(1) The Mayor may make a one-time transfer of $1 million from the industrial revenue bond special account established under § 47-131(c)(4) to such accounts or sub-accounts as may be established pursuant to the trust agreement to be entered into pursuant to 6-1061.02(e) [now (f)]. The funds transferred pursuant to this subsection may be used to assist eligible households whose annual incomes do not exceed 120% of the area median income.

(2) For the purposes of this subsection, the terms “area median income” and “eligible households” shall have the same meanings as provided in § 42-2801 .