reglab/statecodes huggingface dataset:
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24 - Disbursement of Settlement Proceeds › § 42–2403. Duties of lender

§ 42–2403. Duties of lender.
A lender shall, at or before loan closing, cause disbursement of loan funds to a settlement agent. A lender shall not receive or charge any interest on a loan until disbursement of loan funds and loan closing have occurred, and shall not require payment of any interest in advance. For purposes of this section, the term “interest” means any compensation directly or indirectly imposed by a lender for the extension of credit for the use or forbearance of money as defined in § 28-3311, except that for purposes of this section, the term “interest” shall not include any loan fee, origination fee, service and carrying charge, investigator’s fee, or point under § 28-3301(e).
(Feb. 24, 1987, D.C. Law 6-187, § 4, 33 DCR 7681.)
Prior Codifications
1981 Ed., § 45-2803.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24 - Disbursement of Settlement Proceeds › § 42–2404. Duties of owners and brokers

§ 42–2404. Duties of owners and brokers.
The owner and real estate broker shall have in place, at or before settlement, all documents, deeds, titles, recordation tax returns, certified checks, and any other monies needed for settlement so that disbursements can be made in a timely manner.
(Feb. 24, 1987, D.C. Law 6-187, § 5, 33 DCR 7681.)
Prior Codifications
1981 Ed., § 45-2804.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24 - Disbursement of Settlement Proceeds › § 42–2405. Duties of settlement agent

§ 42–2405. Duties of settlement agent.
A settlement agent shall cause recordation of the deed, the deed of trust or mortgage, or other documents required to be recorded, and shall cause disbursement of settlement proceeds within 1 business day of settlement. At least 5 days prior to settlement, the settlement agent shall inform the seller of the terms of this chapter. If settlement is delayed, the settlement agent shall notify, in writing, all of the settlement parties explaining the reasons for the delay. If any of the reasons listed are the fault of a settlement agent or of the lender, the settlement agent or the lender at fault shall be subject to the provisions of § 42-2407.
(Feb. 24, 1987, D.C. Law 6-187, § 6, 33 DCR 7681.)
Prior Codifications
1981 Ed., § 45-2805.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24 - Disbursement of Settlement Proceeds › § 42–2406. Validity of loan documents

§ 42–2406. Validity of loan documents.
Failure to comply with the provisions of this chapter shall not affect the validity or enforceability of any loan documents.
(Feb. 24, 1987, D.C. Law 6-187, § 7, 33 DCR 7681.)
Prior Codifications
1981 Ed., § 45-2806.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24 - Disbursement of Settlement Proceeds › § 42–2407. Penalty

§ 42–2407. Penalty.
(a) Any person suffering a loss due to the failure of a lender or of a settlement agent to cause disbursement as required by this chapter shall be entitled to recover, in addition to the amount of actual damages, double the amount of any interest collected in violation of this chapter, plus any reasonable attorneys’ fees incurred in the collection of that amount.
(b) Civil fines, penalties, and fees may be imposed as alternative sanctions for any infraction of the provisions of this chapter, or any rules or regulations issued under the authority of this chapter, pursuant to Chapter 18 of Title 2. Adjudication of any infraction of this chapter shall be pursuant to Chapter 18 of Title 2.
(Feb. 24, 1987, D.C. Law 6-187, § 8, 33 DCR 7681; Mar. 8, 1991, D.C. Law 8-237, § 15, 38 DCR 314.)
Prior Codifications
1981 Ed., § 45-2807.
Section References
This section is referenced in § 42-2405.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24A - Foreclosure Rescue Prohibited › § 42–2431. Definitions

§ 42–2431. Definitions.
For the purposes of this chapter, the term:
(1) “Foreclosure rescue service” means any good or service related to or promising assistance in connection with:
(A) Avoiding or delaying actual or anticipated foreclosure proceedings concerning residential property; or
(B) Curing or otherwise addressing a default or failure to timely pay with respect to a residential mortgage loan obligation.
(2) “Foreclosure rescue transaction” means a transaction involving the transfer of title to real property, or an interest in the property, by a homeowner during or incident to a mortgage default, foreclosure, or tax sale proceeding, either by transfer of any interest from the homeowner to another party or by creation of a mortgage, trust, or other lien or encumbrance during the foreclosure process; provided, that the transaction includes the subsequent conveyance, the promise of a subsequent conveyance, or a right to a subsequent conveyance of an interest back to the homeowner from the acquirer or a person acting in participation with the acquirer, including an interest in a contract for deed, purchase agreement, land installment sale, contract for sale, option to purchase, sale/leaseback, trust, or other contractual arrangement.
(Jan. 29, 2008, D.C. Law 17-87, § 2, 54 DCR 11913.)
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24A - Foreclosure Rescue Prohibited › § 42–2432. Prohibited foreclosure transactions and practices

§ 42–2432. Prohibited foreclosure transactions and practices.
(a) It shall be unlawful, for compensation or gain or for potential or contingent compensation or gain, whether at the time of the transaction or in the future, to engage in, arrange, offer, promote, promise, solicit participation in, or carry out a foreclosure rescue transaction in the District or concerning residential property in the District. Nothing in this subsection shall be interpreted to prohibit foreclosure rescue transactions that are not carried out for compensation or gain or for potential or contingent compensation or gain, including transactions engaged in between or among family members or arranged by a bona fide nonprofit community organization or nonprofit housing organization.
(b) It shall be unlawful to advertise, offer, or promote the availability of foreclosure rescue transactions or services related to foreclosure rescue transactions.
(c) It shall be unlawful to advertise, offer, or promote foreclosure rescue services without disclosing, clearly and conspicuously, a precise description of the goods or services offered and how they will assist persons in avoiding or delaying foreclosure or curing or otherwise addressing a default or failure to timely pay a residential mortgage loan obligation.
(d) Nothing in this section shall be interpreted to prohibit the advertising of, offering of, promoting of, or engaging in foreclosure rescue transactions or foreclosure rescue services that are not carried out for compensation or gain or for potential or contingent compensation or gain, including transactions engaged in between or among family members or arranged by a bona fide nonprofit community organization or nonprofit housing organization.
(Jan. 29, 2008, D.C. Law 17-87, § 3, 54 DCR 11913.)
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24A - Foreclosure Rescue Prohibited › § 42–2433. Fiduciary duties

§ 42–2433. Fiduciary duties.
Any person who advertises, offers, promotes, or provides foreclosure rescue services to a homeowner owes a fiduciary duty to the homeowner and shall discharge that duty in accordance with all applicable laws.
(Jan. 29, 2008, D.C. Law 17-87, § 4, 54 DCR 11913.)
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24A - Foreclosure Rescue Prohibited › § 42–2434. Private actions

§ 42–2434. Private actions.
(a) In addition to any action by the Attorney General authorized under this chapter and any other action otherwise authorized by law, a homeowner may bring an action for damages incurred, or equitable relief, as the result of a practice prohibited by this chapter.
(b) A homeowner who brings an action under this chapter and who is awarded damages or equitable relief may also be awarded reasonable attorney’s fees and costs.
(c) A violation of this chapter shall be a violation of Chapter 39 of Title 28 and all remedies of the chapter shall be available for such action. A private cause of action under the chapter is in the public interest.
(d) The remedies provided in this section are cumulative and do not restrict any remedy that is otherwise available.
(Jan. 29, 2008, D.C. Law 17-87, § 5, 54 DCR 11913.)
2023 District of Columbia Code › Title 42 - Real Property › Chapter 24A - Foreclosure Rescue Prohibited › § 42–2435. Criminal penalties

§ 42–2435. Criminal penalties.
(a) Any person who knowingly violates any provision of this chapter, or any rule promulgated pursuant to this chapter, shall be fined an amount not to exceed $10,000, imprisoned for not more than one year, or both. All prosecutions of this subsection shall be instituted by the Attorney General for the District of Columbia or any of his or her assistants.
(b) A person who knowingly commits a 2nd or subsequent violation of any provision of this chapter, or any rule promulgated pursuant to this chapter, shall be fined an amount not to exceed $50,000, imprisoned for not more than 5 years, or both.
(Jan. 29, 2008, D.C. Law 17-87, § 6, 54 DCR 11913.)
2023 District of Columbia Code › Title 42 - Real Property › Chapter 25 - District Government Employee Housing Assistance › Subchapter I - Government Employer-Assisted Housing Program › § 42–2502. Establishment

§ 42–2502. Establishment.
There is established within the District of Columbia Department of Housing and Community Development a District of Columbia Government Employer-Assisted Housing Program to assist District of Columbia government employees and educators to become homeowners in the District. The Program shall include:
(1) A District contribution toward a down payment pursuant to § 42-2504;
(2) A deferred payment loan of up to $20,000 pursuant to § 42-2505
(3) Agency single-family mortgage financing for qualified applicants pursuant to this chapter; and
(4) A grant of up to $10,000, for first-responders or educators pursuant to § 42-2505.01.
(May 9, 2000, D.C. Law 13-96, § 3, 47 DCR 1081; Mar. 3, 2010, D.C. Law 18-111, § 7011, 57 DCR 181; Dec. 13, 2017, D.C. Law 22-33, § 2012(b), 64 DCR 7652; Sept. 21, 2022, D.C. Law 24-167, § 2152(b), 69 DCR 009223.)
Section References
This section is referenced in § 42-2501.
Effect of Amendments
D.C. Law 18-111 substituted “There” for “Subject to availability of funds, there”.
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2152(b) of Fiscal Year 2023 Budget Support Emergency Act of 2022 (D.C. Act 24-470, July 13, 2022, 69 DCR 008707).
For temporary (90 days) amendment of this section, see § 2012(b) of Fiscal Year 2018 Budget Support Congressional Review Emergency Act of 2017 (D.C. Act 22-167, Oct. 24, 2017, 64 DCR 10802).
For temporary (90 days) amendment of this section, see § 2012(b) of Fiscal Year 2018 Budget Support Emergency Act of 2017 (D.C. Act 22-104, July 20, 2017, 64 DCR 7032).
For temporary (90-day) addition of section, see § 3 of the Government Employer-Assisted Housing Emergency Amendment Act of 1999 (D.C. Act 13-188, December 1, 1999, 46 DCR 10407).
For temporary (90-day) addition of section, see § 3 of the Government Employer-Assisted Housing Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-258, February 9, 2000, 47 DCR 1124).
For temporary (90 day) amendment of section, see § 7011 of Fiscal Year 2010 Budget Support Second Emergency Act of 2009 (D.C. Act 18-207, October 15, 2009, 56 DCR 8234).
For temporary (90 day) amendment of section, see § 7011 of Fiscal Year Budget Support Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-260, January 4, 2010, 57 DCR 345).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 25 - District Government Employee Housing Assistance › Subchapter I - Government Employer-Assisted Housing Program › § 42–2505. Deferred payment loan

§ 42–2505. Deferred payment loan.
(a) In addition to the assistance provided in § 42-2504(b) or (b-1) and § 42-2505.01, the Department shall make available to each Participant a deferred loan of up to $20,000 to provide financial assistance for the purchase of a housing unit. The deferred payment loan shall be available only if the housing unit shall be the principal residence of the Participant.
(b) Payment of the principal may be deferred until the property is sold, transferred, or ceases to be the principal residence of the Participant.
(c) Deferred payment loans may be secured by a second deed of trust on the subject property.
(d) The deferred payment loan may be used in conjunction with the Home Purchase Assistance Program established by Chapter 26 of this title.
(e) The Department may charge interest on the loan if the housing unit is sold within 5 years.
(May 9, 2000, D.C. Law 13-96, § 6, 47 DCR 1081; Mar. 2, 2007, D.C. Law 16-192, § 2012(a), 53 DCR 6899; Dec. 13, 2017, D.C. Law 22-33, § 2012(e), 64 DCR 7652.)
Section References
This section is referenced in § 42-2506.
Effect of Amendments
D.C. Law 16-192, in subsec. (d), substituted “may” for “may not”.
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2012(e) of Fiscal Year 2018 Budget Support Congressional Review Emergency Act of 2017 (D.C. Act 22-167, Oct. 24, 2017, 64 DCR 10802).
For temporary (90 days) amendment of this section, see § 2012(e) of Fiscal Year 2018 Budget Support Emergency Act of 2017 (D.C. Act 22-104, July 20, 2017, 64 DCR 7032).
For temporary (90-day) addition of section, see § 6 of the Government Employer-Assisted Housing Emergency Amendment Act of 1999 (D.C. Act 13-188, December 1, 1999, 46 DCR 10407).
For temporary (90-day) addition of section, see § 6 of the Government Employer-Assisted Housing Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-258, February 9, 2000, 47 DCR 1124).
For temporary (90 day) amendment of section, see § 2012(a) of Fiscal Year 2007 Budget Support Emergency Act of 2006 (D.C. Act 16-477, August 8, 2006, 53 DCR 7068).
For temporary (90 day) amendment of section, see § 2012(a) of Fiscal Year 2007 Budget Support Congressional Review Emergency Act of 2006 (D.C. Act 16-499, October 23, 2006, 53 DCR 8845).
For temporary (90 day) amendment of section, see § 2012(a) of Fiscal Year 2007 Budget Support Congressional Review Emergency Act of 2007 (D.C. Act 17-1, January 16, 2007, 54 DCR 1165).
Short Title
Short title: Section 2011 of D.C. Law 16-192 provided that subtitle B of title II of the act may be cited as the “Government Employer-Assisted Housing Program Amendment Act of 2006”.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 25 - District Government Employee Housing Assistance › Subchapter I - Government Employer-Assisted Housing Program › § 42–2505.01. First-responder and educator grant

§ 42–2505.01. First-responder and educator grant.
(a) In addition to the assistance provided in § 42-2504(b-1) and § 42-2505, the Department shall make available a grant of up to $10,000 to provide financial assistance for the purchase of a housing unit to each first-responder or educator who is a Participant.
(b) In order to receive financial assistance for the purchase of a housing unit under this section, a first-responder or educator Participant must agree to a 5-year service obligation, which shall begin at the date of settlement on the purchase of the housing unit, or, if the first-responder or educator Participant is not yet a District employee or employee of a District public charter school on the date of settlement, on the first-responder's or educator's first day of employment with the District or with a District public charter school.
(c) The grant shall convert into a loan to be repaid by the Participant if:
(1) Within 5 years after the date of settlement on the purchase of the housing unit, the housing unit is sold, transferred, or ceases to be the principal residence of the first-responder or educator Participant; or
(2) The first-responder or educator Participant does not complete the 5-year service obligation required by subsection (b) of this section.
(d) For the purposes of this section, the term "service obligation" means employment as a first-responder or educator.
(May 9, 2000, D.C. Law 13-96, § 6a; as added Dec. 13, 2017, D.C. Law 22-33, § 2012(f), 64 DCR 7652; Sept. 21, 2022, D.C. Law 24-167, § 2152(e), 69 DCR 009223.)
Emergency Legislation
For temporary (90-day) creation of this section, see § 2012(f) of the Fiscal Year 2018 Budget Support Congressional Review Emergency Act of 2017, effective October 24, 2017 (D.C. Act 22-167; 64 DCR 10802).
For temporary (90-day) creation of this section, see § 2012(f) of the Fiscal Year 2018 Budget Support Emergency Act of 2017, effective July 20, 2017 (D.C. Act 22-104; 64 DCR 7032).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 25 - District Government Employee Housing Assistance › Subchapter I - Government Employer-Assisted Housing Program › § 42–2507. Rules

§ 42–2507. Rules.
(a) The Mayor shall, pursuant to subchapter I of Chapter 5 of Title 2, issue rules within 90 days after the effective date of this chapter to implement the provisions of this chapter.
(b) The rules shall include the following:
(1) An application procedure for the Program;
(2) A standard for eligibility and selection of applicants; and
(3) The conditions under which the deferred payment loan may be granted.
(c) The proposed rules shall be submitted to the Council for a 45-day period of review, excluding Saturdays, Sundays, legal holidays, and days of Council recess. If the Council does not approve or disapprove the proposed rules, in whole or in part, by resolution within this 45-day review period, the proposed rules shall be deemed approved. Nothing in this section shall affect any requirements imposed upon the Mayor by subchapter I of Chapter 5 of Title 2.
(May 9, 2000, D.C. Law 13-96, § 8, 47 DCR 1081.)
Emergency Legislation
For temporary (90-day) addition of section, see § 8 of the Government Employer-Assisted Housing Emergency Amendment Act of 1999 (D.C. Act 13-188, December 1, 1999, 46 DCR 10407).
For temporary (90-day) addition of section, see § 8 of the Government Employer-Assisted Housing Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-258, February 9, 2000, 47 DCR 1124).
Resolutions
Resolution 14-578, the “Government Employer-Assisted Housing Program Teacher, Police Officer, and Firefighter Hiring Incentive Regulations Approval Resolution of 2002”, was approved effective October 18, 2002.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 25 - District Government Employee Housing Assistance › Subchapter II - Negotiated Employee Affordable Housing › § 42–2521. Negotiated Employee Affordable Home Purchase Fund

§ 42–2521. Negotiated Employee Affordable Home Purchase Fund.
(a) There is established as a special fund the Negotiated Employee Affordable Home Purchase Fund ("Fund"), which shall be administered by the Department of Housing and Community Development in accordance with subsection (c) of this section.
(b) There shall be deposited into the Fund:
(1) Amounts the District is required to allocate pursuant to a collective bargaining agreement to fund the Negotiated Employee Affordable Home Purchase Program ("NEAHP Program") that is administered by the Department of Housing and Community Development and the Office of Labor Relations and Collective Bargaining with the assistance of the Greater Washington Urban League, Inc.; and
(2) Any required repayment to the District of a financial award made through the NEAHP Program.
(c) The Fund shall be used to provide financial assistance to District government employees pursuant to the terms of the applicable collective bargaining agreement and the NEAHP Program.
(d)(1) The money deposited into the Fund shall not revert to the unrestricted fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time.
(2) Subject to authorization in an approved budget and financial plan, any funds appropriated in the Fund shall be continually available without regard to fiscal year limitation.
(Sept. 11, 2019, D.C. Law 23-16, § 2002, 66 DCR 8621.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 2002 of the Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) creation of this section, see § 2002 of the Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter I - General Provisions › § 42–2601. Establishment; purpose; unexpended balance

§ 42–2601. Establishment; purpose; unexpended balance.
There is hereby established in the District of Columbia and there is authorized, and accounted for in the General Fund as a separate revenue source allocable to provide financial assistance to low and moderate income persons, and District of Columbia Government employees participating in the District of Columbia Employer-Assisted Housing Program, and families seeking to purchase homes in the District of Columbia, for the purposes of enabling them to purchase decent, safe, and sanitary homes in the District of Columbia. Any unexpended balance at the end of the year shall be reserved as a restricted fund balance and used to provide authorization to expend for subsequent years subject to the direction of the Mayor.
(Sept. 12, 1978, D.C. Law 2-103, § 2, 25 DCR 1977; June 14, 1980, D.C. Law 3-70, § 7(1), 27 DCR 1776; Oct. 24, 1981, D.C. Law 4-44, § 2(b), 28 DCR 4265; Sept. 23, 1986, D.C. Law 6-151, § 2(a), 33 DCR 4783; June 11, 1992, D.C. Law 9-118, § 8(a), 39 DCR 3189; Mar. 20, 1998, D.C. Law 12-60, § 1101, 44 DCR 7378; Apr. 20, 1999, D.C. Law 12-259, § 2(a), 46 DCR 1316; May 9, 2000, D.C. Law 13-96, § 9(a), 47 DCR 1081.)
Prior Codifications
1981 Ed., § 45-2201.
1973 Ed., § 45-1801.
Effect of Amendments
D.C. Law 13-96 inserted “the District of Columbia Government employees participating in the District of Columbia Employer-Assisted Housing Program” following “low and moderate income persons.”
Section 11 of D.C. Law 13-96 provided: “This act shall apply as of October 1, 1997.”
Emergency Legislation
For temporary (90-day) amendment of section, see § 9(a) of the Government Employer-Assisted Housing Emergency Amendment Act of 1999 (D.C. Act 13-188, December 1, 1999, 46 DCR 10407).
For temporary (90-day) amendment of section, see § 9(a) of the Government Employer-Assisted Housing Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-258, February 9, 2000, 47 DCR 1124).
Repeal of Law
Repeal of Law 9-118
Section 1101 of D.C. Law 12-60 repealed the District of Columbia Employer-Assisted Housing Act of 1992, D.C. Law 9-118.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter I - General Provisions › § 42–2602. Deposits to credit of Fund

§ 42–2602. Deposits to credit of Fund.
There shall be deposited to the credit of the Fund such amounts as may be appropriated pursuant to this subchapter; grants and gifts from public and private sources to the Fund or to the District of Columbia for the purposes of the Fund; repayments of principal and any interest on loans provided from the Fund; proceeds realized from the liquidation of any security interests held by the District of Columbia under the terms of any assistance provided from the Fund; interest earned from the deposit or investment of monies of the Fund; repayments of principal and any interest on loans provided under the District of Columbia Government Employer-Assisted Housing Program; and all other revenues, receipts and fees of whatever nature derived from the operation of the Fund.
(Sept. 12, 1978, D.C. Law 2-103, § 3, 25 DCR 1977; June 11, 1992, D.C. Law 9-118, § 8(b), 39 DCR 3189; Mar. 20, 1998, D.C. Law 12-60, § 1101, 44 DCR 7378; May 9, 2000, D.C. Law 13-96, § 9(b), 47 DCR 1081.)
Prior Codifications
1981 Ed., § 45-2202.
1973 Ed., § 45-1802.
Effect of Amendments
D.C. Law 13-96 inserted “repayments of principal and any interest on loans provided under the District of Columbia Government Employer-Assisted Housing Program;” following “interest earned from the deposit or investment of monies of the Fund;”.
Emergency Legislation
For temporary (90-day) amendment of section, see § 9(b) of the Government Employer-Assisted Housing Emergency Amendment Act of 1999 (D.C. Act 13-188, December 1, 1999, 46 DCR 10407).
For temporary (90-day) amendment of section, see § 9(b) of the Government Employer-Assisted Housing Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-258, February 9, 2000, 47 DCR 1124).
Editor's Notes
Because of the enactment of subchapter II of this chapter by D.C. Law 12-266, “subchapter” has been substituted for “chapter”.
Section 11 of D.C. Law 13-96 provided: “This act shall apply as of October 1, 1997.”
Repeal of Law
Repeal of Law 9-118
Section 1101 of D.C. Law 12-60 repealed the District of Columbia Employer-Assisted Housing Act of 1992, D.C. Law 9-118.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter I - General Provisions › § 42–2603. Availability; use prescribed by Mayor

§ 42–2603. Availability; use prescribed by Mayor.
The Fund shall be available without fiscal year limitation for the purpose of providing financial assistance for down payments or interim financing to recipients for the purpose of purchasing or securing housing, including single family homes, condominium units, or occupancy rights to cooperative housing in the District of Columbia as their principal place of residence and of providing financial assistance to District of Columbia government employees eligible under the District of Columbia Employer-Assisted Housing Program to purchase a home in the District of Columbia. Under terms and conditions prescribed by the Mayor of the District of Columbia (“Mayor”), the Fund shall be used for making loans and providing other forms of financial assistance. The assistance provided pursuant to the Fund may be used in conjunction with other available home assistance programs.
(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.)
Prior Codifications
1981 Ed., § 45-2203.
1973 Ed., § 45-1803.
Effect of Amendments
D.C. Law 13-96 rewrote the first sentence which formerly provided: “The Fund shall be available without fiscal year limitation for the purpose of providing financial assistance for down payments or interim financing to recipients for the purpose of purchasing or securing housing, including single family homes, condominium units, or occupancy rights to cooperative housing in the District of Columbia as their principal place of residence and of providing financial assistance to District of Columbia government employees eligible under the District of Columbia Employer-Assisted Housing Program to purchase a home in the District of Columbia.”
Emergency Legislation
For temporary (90-day) amendment of section, see § 9(c) of the Government Employer-Assisted Housing Emergency Amendment Act of 1999 (D.C. Act 13-188, December 1, 1999, 46 DCR 10407).
For temporary (90-day) amendment of section, see § 9(c) of the Government Employer-Assisted Housing Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-258, February 9, 2000, 47 DCR 1124).
Editor's Notes
Section 11 of D.C. Law 13-96 provided: “This act shall apply as of October 1, 1997.”
Repeal of Law
Repeal of Law 9-118
Section 1101 of D.C. Law 12-60 repealed the District of Columbia Employer-Assisted Housing Act of 1992, D.C. Law 9-118.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter I - General Provisions › § 42–2605. Annual audit; report to Congress and Council; appropriations

§ 42–2605. Annual audit; report to Congress and Council; appropriations.
(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 of the District of Columbia a report of the financial condition of the Fund and the results of the operations for such fiscal year.
(c) The Mayor shall include in the budget estimates of the District of Columbia for each fiscal year, and there is authorized to be appropriated annually, such amounts out of the revenues of the District of Columbia as may be required for the Fund.
(Sept. 12, 1978, D.C. Law 2-103, § 6, 25 DCR 1977; Oct. 24, 1981, D.C. Law 4-44, § 2(e), 28 DCR 4265.)
Prior Codifications
1981 Ed., § 45-2205.
1973 Ed., § 45-1805.
Mayor's Orders
Office of Internal Audits and Inspections abolished: The District of Columbia Office of Internal Audits and Inspections was replaced by Mayor’s Order 79-7, dated January 2, 1979, and Mayor’s Order 79-224, dated September 24, 1979, which Orders established the Office of the Inspection General of the District of Columbia.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter II - Step Up Program › § 42–2621. Definitions

§ 42–2621. Definitions.
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 of Housing and Community Development.
(3) “Downpayment” means the unamortized amount paid by the purchaser at closing, which when added to the mortgage amount equals the total sale price.
(4) “Earnest money contract” means a contract created between the buyer and seller when the buyer makes a deposit to indicate both the ability and good faith intention to complete the purchase of a property. If the contract is fulfilled, then the earnest money deposit is applied toward the purchase price.
(5) “Fund” means the Home Purchase Assistance Step Up Fund.
(6) “Household” means an individual or 2 or more persons who reside together in a housing unit in the District.
(7) “Single family home” means a housing unit designed and maintained for occupancy by only one family.
(Apr. 27, 1999, D.C. Law 12-266, § 2, 46 DCR 948.)
Prior Codifications
1981 Ed., § 45-2211.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter II - Step Up Program › § 42–2622. Establishment; funding; annual audit

§ 42–2622. Establishment; funding; annual audit.
(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, or starter homes and seek to purchase single family housing in the District of Columbia that is larger, or otherwise more appropriate for their households.
(b) There is authorized to be appropriated from the general revenues of the District of Columbia, and accounted for in the General Fund as a separate revenue source, such amounts as may be needed to establish a permanent revolving fund to be known as the Home Purchase Assistance Step Up Fund. From this Fund the District shall provide financial assistance to residents of the District of Columbia in low- to moderate-income households, who own condominiums, cooperatives, or starter homes and seek to purchase single family housing in the District of Columbia.
(c) There shall be deposited to the credit of the Fund any amounts as may be appropriated pursuant to this subchapter; any grants and gifts from public and private sources to the Fund or to the District of Columbia government for the purposes of the Fund; repayments of principal and any interest on loans provided from the Fund; any proceeds realized from the liquidation of any security interests held by the District under the terms of any assistance provided from the Fund; any interest earned from the deposit or investment of monies of the Fund; and all other revenues, receipts, penalties, and fees of whatever nature derived from the operation of the Fund.
(d) The Fund shall be available, without fiscal limitation, to provide financial assistance for down payments or closing costs to recipients for the purpose of purchasing a single family residence that is larger or otherwise more appropriate than the home previously owned by the recipient. Such financial assistance may be used in conjunction with other available home purchase assistance programs.
(e) An annual audit of the operations of the Fund shall be conducted by the Office of the Inspector General of the District of Columbia. Not later than 6 months after the end of the fiscal year, the Mayor shall submit to the Congress and to the Council of the District of Columbia a report on the financial condition of the Fund and the results of the operations for such fiscal year.
(Apr. 27, 1999, D.C. Law 12-266, § 3, 46 DCR 948.)
Prior Codifications
1981 Ed., § 45-2212.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter II - Step Up Program › § 42–2623. Eligibility

§ 42–2623. Eligibility.
(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 residence;
(3) Has a satisfactory credit rating as shall be defined by rules deemed necessary to carry out the purposes of this subchapter;
(4) Has adequate income to qualify for a mortgage from a private lender;
(5) Has sold or otherwise disposed of all interests in any other real property before the closing of any loan under this subchapter;
(6) Has insufficient assets to pay the down payment or reasonable closing costs, or both, without assistance from this program;
(7) Would have liquid assets not exceeding the limit established by the Mayor by rulemaking, after purchasing property under this subchapter or through this program; and
(8) Meets qualifying income levels as provided by regulation.
(b) Property shall be eligible for the Home Purchase Assistance Step Up Program if the property:
(1) Is an existing single family residence in the District of Columbia;
(2) Meets the requirements of the Construction Codes promulgated pursuant to the Construction Codes Approval and Amendments Act of 1980, effective February 2, 1987 (D.C. Law 6-216; 12 DCMR) and the Housing Regulations of the District of Columbia, effective August 11, 1955 (C.O. 55-1503; 14 DCMR Chapters 1-14); and
(3) Has a purchase price that neither exceeds the maximum price requirement established by rulemaking nor the appraised value of the property.
(Apr. 27, 1999, D.C. Law 12-266, § 4, 46 DCR 948.)
Prior Codifications
1981 Ed., § 45-2213.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter II - Step Up Program › § 42–2624. Assistance

§ 42–2624. Assistance.
(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 guidelines, including loan amounts and repayment terms, by rulemaking.
(Apr. 27, 1999, D.C. Law 12-266, § 5, 46 DCR 948; Apr. 12, 2000, D.C. Law 13-91, § 155, 47 DCR 520.)
Prior Codifications
1981 Ed., § 45-2214.
Effect of Amendments
D.C. Law 13-91 validated a previously made technical amendment in subsec. (a).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter II - Step Up Program › § 42–2625. Rulemaking

§ 42–2625. Rulemaking.
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 the Council for a 45-day period of review, excluding Saturdays, Sundays, legal holidays, and days of Council recess. If the Council does not approve or disapprove the proposed rules, in whole or in part, by resolution within the 45-day review period, the proposed rules shall be deemed approved. Nothing in this section shall affect any requirements imposed upon the Mayor by subchapter I of Chapter 5 of Title 2.
(Apr. 27, 1999, D.C. Law 12-266, § 6, 46 DCR 948.)
Prior Codifications
1981 Ed., § 45-2215.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26 - Home Purchase Assistance Fund › Subchapter II - Step Up Program › § 42–2626. Applicability

§ 42–2626. Applicability.
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.
(Apr. 27, 1999, D.C. Law 12-266, § 7, 46 DCR 948.)
Prior Codifications
1981 Ed., § 45-2216.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 26A - Homeownership Counseling › § 42–2651. Creation

§ 42–2651. Creation.
(a) The Mayor shall establish within the District government, or cause to be provided through one or more non-government entities pursuant to a contract or contracts with the District of Columbia, a Homeownership Counseling Program (“Program”). The Program shall provide:
(1) Information concerning credit ratings, credit management, and credit counseling;
(2) Warnings regarding predatory lending practices;
(3) Information on how to purchase a home;
(4) Information concerning financial resources available to first-time homebuyers in the District of Columbia;
(5) Information concerning financial planning after purchasing a home; and
(6) A compilation and explanation of all federal and District of Columbia tax provisions and public and private programs providing homeownership assistance.
(b) The information required under subsection (a) of this section shall be made available over the Internet and shall be provided to each public library in the District of Columbia.
(Apr. 19, 2002, D.C. Law 14-114, § 1001, 49 DCR 1468.)
Editor's Notes
Section 1101 of D.C. Law 14-114 provided: “The Mayor, pursuant to Title I of the District of Columbia Administrative Procedure Act, approved October 21, 1968 (82 Stat. 1204; D.C. Official Code § 2-501 et seq.), shall promulgate rules to implement this act.”
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter I - Policy and Definitions › § 42–2701.01. Declaration of policy

§ 42–2701.01. Declaration of policy.
(a) The Council of the District of Columbia hereby finds: that a decline in the number of housing units in the District of Columbia, together with the existing number of substandard dwellings, has produced a critical shortage of adequate housing for low and moderate income families; that this shortage of affordable housing and the inability of residents to obtain appropriate financing compels a substantial number of District residents to live in unsanitary, overcrowded and unsafe conditions and to expend a disproportionate portion of their incomes on housing; that these conditions are detrimental to the health and welfare of District residents and adversely affect the economy of the District; that a major cause of this housing crisis is the cost of funds made available by mortgage lenders in the District to finance housing for low and moderate income families; and further that this situation has frustrated the construction, lease, sale and purchase of housing units for low and moderate income families.
(b) The Council determines that a corporate instrumentality of the District shall be created and given authority to generate funds from private and public sources to increase the supply and lower the cost of funds available for residential mortgages and construction loans and thereby help alleviate the shortage of adequate housing. The Council further determines that this purpose can be accomplished through programs whereby mortgage lenders and/or the Agency make mortgage, construction and rehabilitation loans for single and multifamily rental and home ownership units on terms designed to expand available housing opportunities. The Council further determines that this purpose can also be accomplished through a program whereby the Agency issues bonds and lends the proceeds thereof to Eligible State and Local Government Units to enhance the Agency’s ability to generate revenues to fulfill its duties under this chapter. The Council further determines that the goals of neighborhood and fiscal stability can be achieved through a policy of residential economic diversity.
(c) The Council hereby declares that the enactment of this chapter is in the public interest and for the public benefit, and that the authority and powers conferred by this chapter and the expenditure of monies pursuant to this chapter are to serve valid public purposes.
(Mar. 3, 1979, D.C. Law 2-135, § 101, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(a), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2101.
1973 Ed., § 45-1901.
Section References
This section is referenced in § 42-2703.05.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter II - Establishment of the Agency › § 42–2702.01. Creation; purpose

§ 42–2702.01. Creation; purpose.
The District of Columbia Housing Finance Agency is created as a corporate body which has a legal existence separate from the government of the District but which is an instrumentality of the government of the District created to effectuate certain public purposes.
(Mar. 3, 1979, D.C. Law 2-135, § 201, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2111.
1973 Ed., § 45-1903.
Cross References
District of Columbia Housing Finance Agency, membership disclosure of interests, see § 1-1106.02.
Editor's Notes
Appropriations approved: Public Law 101-518, 104 Stat. 2227, the District of Columbia Appropriations Act, 1991, provided that up to $275,000 within the 15% set-aside for special programs within the Tenant Assistance Program shall be targeted for the single-room occupancy initiative.
Repayment by D.C. Housing Finance Agency: Section 147 of Pub. Law 104-194 provided that, notwithstanding any other law, the District of Columbia Housing Finance Agency, shall not be required to repay moneys advanced by the District government (including accrued interest thereon) pursuant to Congressional appropriations for fiscal years 1980 through 1992.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter II - Establishment of the Agency › § 42–2702.04. Conflict of interest; disclosure; waiver of bar against participation by interested party

§ 42–2702.04. Conflict of interest; disclosure; waiver of bar against participation by interested party.
Any member, officer, or employee of the Agency who is interested either directly or indirectly, or who is an officer or employee of, or has an ownership interest in any firm or agency interested directly or indirectly in any transaction with the Agency including, but not limited to, any loan to any sponsor, builder or developer, shall disclose this interest to the Agency. This interest shall be set forth in the minutes of the Agency, and the member, officer, or employee having the interest shall not participate on behalf of the Agency in the authorization or implementation of any such transaction. The Board by two-thirds majority vote may allow a waiver of a member’s, officer’s or employee’s inability to participate in circumstances where the interest falls within guidelines adopted as rules promulgated by the Board.
(Mar. 3, 1979, D.C. Law 2-135, § 204, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(h), 28 DCR 2848; Apr. 20, 1999, D.C. Law 12-247, § 2(e), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2114.
1973 Ed., § 45-1906.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter II - Establishment of the Agency › § 42–2702.05. Requirement for public official bonding

§ 42–2702.05. Requirement for public official bonding.
Each member of the Board shall execute a public official bond in the penal sum of $25,000, and the Executive Director of the Agency shall execute a public official bond in the penal sum of $50,000. Each public official bond shall be conditioned upon the faithful performance of the duties of the person bonded, issued by an indemnity company authorized to transact business as an indemnity company in the District, approved by the Corporation Counsel of the District, and filed in the office of the District Department of Insurance. All costs of the public official bonds shall be borne by the Agency.
(Mar. 3, 1979, D.C. Law 2-135, § 205, 25 DCR 5008; Oct. 5, 1985, D.C. Law 6-44, § 2(c), 32 DCR 4487.)
Prior Codifications
1981 Ed., § 45-2115.
1973 Ed., § 45-1907.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter II - Establishment of the Agency › § 42–2702.06. Delegation of Council authority to issue revenue bonds, notes and other obligations for Agency undertakings

§ 42–2702.06. Delegation of Council authority to issue revenue bonds, notes and other obligations for Agency undertakings.
The Council delegates to the Agency the authority of the Council under § 1-204.90 to issue revenue bonds, notes and other obligations to borrow money to finance or assist in the financing of undertakings authorized by this chapter. An undertaking financed or assisted by the Agency shall constitute an undertaking in the area of primarily low and moderate income housing if the housing project or homeownership program complies with the income restriction, rent limitations, tenant income mixtures and other restrictions as established by the Internal Revenue Service, or the Department of Housing and Urban Development as applicable under the plan of financing determined by the Agency at the time it approves the undertaking for financing or assistance, or State or Local Government Loans or supportive programs that generate revenues which benefit programs authorized under this chapter.
(Mar. 3, 1979, D.C. Law 2-135, § 206; as added Aug. 5, 1981, D.C. Law 4-28, § 2(i), 28 DCR 2848; Apr. 20, 1999, D.C. Law 12-247, § 2(f), 46 DCR 1100; Mar. 25, 2003, D.C. Law 14-239, § 2(b), 49 DCR 11162.)
Prior Codifications
1981 Ed., § 45-2116.
Section References
This section is referenced in § 42-2703.05.
Effect of Amendments
D.C. Law 14-239 substituted “or supportive programs” for “are made”.