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District of Columbia Statutes, Title 42

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District of Columbia/Statutes

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Title 42, Real Property.

71 chapters · 806 sections in this title.

All chapters in Title 42806 Ch 35, Rental Housing Generally.88 Ch 19, Condominiums.80 Ch 34, Rental Housing Conversion and Sale.67 Ch 27, Housing Finance Agency.39 Ch 32, Landlord and Tenant.33 Ch 20, Horizontal Property Regimes.32 Ch 8, Mortgages and Deeds of Trust.27 Ch 16B, Uniform Commercial Real Estate Recei…27 Ch 5, Estates in Land.23 Ch 10, Powers Relating to Realty.19 Ch 28, Housing Production Trust Fund.19 Ch 31A, Abatement of Nuisance Property.18 Ch 31, Drug-, Firearm-, or Prostitution-Rel…17 Ch 31C, Quick Acquisition of Abandoned and N…16

12 sections·Filtered byTitle 42✕Ch 26✕

D.C. Code § 42-2601 Home Purchase Assistance Fund
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(a) There is established as a special fund the Home Purchase Assistance Fund ("Fund"), to be administered by the Mayor in accordance with subsection (c) of this section. (b) The following revenue shall be deposited in the Fund: (1) Such amounts as may be appropriated to the Fund;…
D.C. Code § 42-2601.01 Definitions
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(a) For the purposes of this subchapter, the term: (1) "Dashboard" means a public-facing webpage that provides consistent and regular updates on the amount of funding left in the Program. (2) "DHCD" means the Department of Housing and Community Development. (3) "Loan-to-value rat…
D.C. Code § 42-2602.01 Home Purchase Assistance Program Revision
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*NOTE: This section includes amendments by emergency legislation that will expire on November 11, 2026. To view the text of this section after the expiration of all emergency and temporary legislation affecting this section, click this link: Permanent Version.* (a) The Mayor shal…
D.C. Code § 42-2603 Dashboard; continuing eligibility

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(a) Repealed. (b)(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 ea…

D.C. Code § 42-2604 Promulgation of rules and regulations by Mayor; review by Council; contents of loan agreements

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(a) The Mayor is authorized to promulgate rules and regulations to govern the operation of the Fund, including but not limited to, rules and regulations establishing standards for determining the eligibility and selection of applicants; procedures for applying for assistance and …

D.C. Code § 42-2605 Annual audit; report to Congress and Council; appropriations

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(a) An annual audit of the operations of the Fund shall be conducted by the Office of the Inspector General of the District of Columbia. (b) Not later than 6 months after the end of each fiscal year, the Mayor shall submit to the Congress of the United States and to the Council o…

D.C. Code § 42-2621 Definitions

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For the purpose of this subchapter, the term: (1) “Closing Costs” means expenses in addition to the purchase price of the property which must be paid by the purchaser or deducted from the proceeds of the sale to the seller at time of closing. (2) “Department” means the Department…

D.C. Code § 42-2622 Establishment; funding; annual audit

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(a) There is established in the Department of Housing and Community Development, a Home Purchase Assistance Step Up Program to provide one-time housing assistance to residents of the District of Columbia in low- to moderate-income households, who own condominiums, cooperatives, o…

D.C. Code § 42-2623 Eligibility

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(a) An applicant shall be eligible for the Home Purchase Assistance Step Up Program if the applicant: (1) Is a District of Columbia resident; (2) Is the head of the household and will occupy the property to be purchased with assistance from the program as his or her primary resid…

D.C. Code § 42-2624 Assistance

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(a) Assistance available pursuant to this subchapter is limited to a one-time loan of up to $15,000 with a maximum 20-year amortized term. (b) The interest rate shall be 3%, unless otherwise provided by the Mayor by rulemaking. (c) The Mayor shall establish underwriting guideline…

D.C. Code § 42-2625 Rulemaking

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The Mayor is authorized to promulgate rules to govern the operation of the Fund, including but not limited to, rules establishing eligibility requirements for applicants and homes and for establishing operating procedures for the program. The proposed rules shall be submitted to …

D.C. Code § 42-2626 Applicability

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The provisions of this subchapter shall apply to the purchase of a single family home for which an earnest money contract is dated after April 1, 1999.