reglab/statecodes huggingface dataset:
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.02. Financing of housing projects

§ 42–2703.02. Financing of housing projects.
(a) The Agency may make, issue commitments for, participate in making loans or mortgage loans to sponsors for the financing of housing projects for eligible persons. Such housing projects shall comply with all applicable requirements regarding tenant income mixtures, tenant income, the number of units reserved for very-low, low and moderate income persons, and other requirements established by the Internal Revenue Service, the Department of Housing and Urban Development or other laws, rules and guidelines applicable under the Agency’s plan of financing.
(b) The Agency when purchasing property shall issue only bonds that are government entity bonds of the Agency or 501(c)(3) bonds created by the Agency for the specific purpose of undertaking a development project.
(Mar. 3, 1979, D.C. Law 2-135, § 302, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(k), 28 DCR 2848; Aug. 1, 1985, D.C. Law 6-15, § 8(b), 32 DCR 3570; Oct. 5, 1985, D.C. Law 6-44, § 2(e), 32 DCR 4487; Apr. 20, 1999, D.C. Law 12-247, § 2(i), 46 DCR 1100; Mar. 25, 2003, D.C. Law 14-239, § 2(d), 49 DCR 11162.)
Prior Codifications
1981 Ed., § 45-2122.
1973 Ed., § 45-1909.
Section References
This section is referenced in § 42-2701.02.
Effect of Amendments
D.C. Law 14-239 designated the existing text as subsection (a); and added subsec. (b).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.03. Financing of homeownership programs

§ 42–2703.03. Financing of homeownership programs.
The Agency may invest in, purchase, make commitments to purchase, take assignments from mortgage lenders, originate, and service mortgage loans either directly or through mortgage lenders pursuant to criteria established by the Agency under a Homeownership program. Such criteria shall comply with the requirements of the Internal Revenue Service, the Department of Housing and Urban Development or other laws, rules and guidelines applicable under the Agency’s plan of financing.
(Mar. 3, 1979, D.C. Law 2-135, § 303, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(l)-(n), 28 DCR 2848; Apr. 20, 1999, D.C. Law 12-247, § 2(j), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2123.
1973 Ed., § 45-1910.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.04. Loans to mortgage lenders; requirements for reinvestment of proceeds by lender. [Repealed]

§ 42–2703.04. Loans to mortgage lenders; requirements for reinvestment of proceeds by lender. [Repealed]
Repealed.
(Mar. 3, 1979, D.C. Law 2-135, § 304, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(o), 28 DCR 2848; June 11, 1992, D.C. Law 9-118, § 7, 39 DCR 3189; Apr. 18, 1996, D.C. Law 11-110, § 49, 43 DCR 530; Mar. 20, 1998, D.C. Law 12-60, § 1101, 44 DCR 7378; Apr. 20, 1999, D.C. Law 12-247, § 2(k), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2124.
1973 Ed., § 45-1911.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.05. Supportive programs

§ 42–2703.05. Supportive programs.
(a) The Agency may establish, administer or contract for the administration of any program which assists sponsors or eligible persons, “or Eligible State or Local Government Units”, as determined by the Agency consistent with the declarations of policy under § 42-2701.01 and the delegation of authority under § 42-2702.06.
(b) The Agency may establish, administer, or contract for the administration of any program that involves providing loans or other financial assistance directly by the Agency or by an entity established by the Agency under this chapter or indirectly through an Agency-approved financial institution, to persons residing within any state or political subdivision thereof within the meaning of section 103 of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 29; 26 U.S.C. § 103) (or successor provisions), which loan or other financial assistance is eligible for, or made in conjunction with the provision of, mortgage insurance under any program of the Department of Housing and Urban Development or meets the guidelines established by Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Department of Veterans Affairs, or the Rural Development Agency, and which loan or other financial assistance will result in the generation of revenues that will benefit programs authorized under this chapter.
(Mar. 3, 1979, D.C. Law 2-135, § 305, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(l), 46 DCR 1100; Mar. 25, 2003, D.C. Law 14-239, § 2(e), 49 DCR 11162.)
Prior Codifications
1981 Ed., § 45-2125.
1973 Ed., § 45-1912.
Section References
This section is referenced in § 42-2703.01.
Effect of Amendments
D.C. Law 14-239 designated the existing text as subsection (a); and added subsec. (b).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.06. Rulemaking

§ 42–2703.06. Rulemaking.
The Agency shall establish rules and regulations to effectuate the purposes of this chapter.
(Mar. 3, 1979, D.C. Law 2-135, § 306, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(m), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2126.
1973 Ed., § 45-1913.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.07. Technical assistance, loans, grants and consultant services

§ 42–2703.07. Technical assistance, loans, grants and consultant services.
The Agency may provide eligible persons, sponsors or such individual, private or public corporation, association, group, organization, Eligible State or Local Government Unit, or any other entity with technical assistance, loans, grants or consultant services consistent with the authority of this chapter.
(Mar. 3, 1979, D.C. Law 2-135, § 307, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(n), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2127.
1973 Ed., § 45-1914.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter III - Operations of the Agency › § 42–2703.08. Exemption from rent control

§ 42–2703.08. Exemption from rent control.
(a) Housing projects assisted by the Agency or through the auspices of the Agency under the provisions of this chapter shall be exempt from the provisions of Chapter 35 of this title.
(b) The Agency shall establish, by rulemaking, procedures for evictions and protections from retaliatory action for tenants of housing projects exempted from Chapter 35 of this title under subsection (a) of this section. Such procedures and protections shall be in accordance with subchapter V of Chapter 35 of this title.
(c) The Agency shall establish, by rulemaking, conditions and procedures for relocation assistance to tenants displaced from housing projects which are exempted from Chapter 35 of this title under subsection (a) of this section. Such conditions and procedures shall be in accordance with subchapter VII of Chapter 35 of this title.
(d) Each owner of a rental accommodation subject to the provisions of this chapter shall file simultaneously with the Agency and with the Rental Housing Commission an exemption statement which shall contain the following information:
(1) The actual rent for each rental unit in the accommodation, the services included, and the facilities and charges therefor;
(2) The number of bedrooms in the rental accommodation; and
(3) A list of any outstanding violations of the Housing Regulations of the District of Columbia, issued August 11, 1955 (C.O. 55-1503), applicable to such accommodation.
(e) Tenants of housing projects exempted by this chapter from Chapter 35 of this title, who, except for such exemption, would be eligible for rent supplements under subchapter III of Chapter 35 of this title, shall have the same rights to such supplements as tenants residing in a project subject to Chapter 35 of this title.
(f) Prior to the execution of a lease or other rental agreement, a prospective tenant of any unit shall receive notice in writing advising him or her that rent increases for the accommodation are not regulated by Chapter 35 of this title.
(g) At the time a prospective tenant of any unit receives notice pursuant to subsection (f) of this section, a prospective tenant shall also receive the voter registration packet developed by the District of Columbia Board of Elections pursuant to § 1-1001.05(a)(20).
(Mar. 3, 1979, D.C. Law 2-135, § 308, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(p), 28 DCR 2848; Oct. 5, 1985, D.C. Law 6-44, § 2(f), 32 DCR 4487; June 24, 2020, D.C. Law 23-112, § 4, 67 DCR 5066.)
Prior Codifications
1981 Ed., § 45-2128.
1973 Ed., § 45-1915.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.01. Receipt of funds; disposition thereof

§ 42–2704.01. Receipt of funds; disposition thereof.
In connection with the exercise of its powers under this chapter, the Agency may receive gifts, grants, appropriations, loans, bond or note proceeds, or other funds, property or other assets, or any other type of financial assistance from any federal, District, private, or other source and may utilize such funds as determined by rules issued by the Board. Such rules shall also govern the establishment of, administration of, and expenditure from, reserve funds. The source of such funds and the use thereof shall be a part of the annual reporting requirement of § 42-2705.03. The rules shall be submitted to the Chairman of the Council for review on the same day as the rules are transmitted for publication to the District of Columbia Register.
(Mar. 3, 1979, D.C. Law 2-135, § 401, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(q), 28 DCR 2848.)
Prior Codifications
1981 Ed., § 45-2131.
1973 Ed., § 45-1916.
Editor's Notes
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 IV - Financial Affairs of the Agency › § 42–2704.01a. Repayment of funds

§ 42–2704.01a. Repayment of funds.
The 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, and any obligation to repay these moneys shall be forgiven.
(Mar. 3, 1979, D.C. Law 2-135, § 401a; as added Apr. 9, 1997, D.C. Law 11-197, § 3, 43 DCR 4567.)
Prior Codifications
1981 Ed., § 45-2131.1.
Effective Dates
Section 5 of D.C. Law 11-197 provided that the act shall take effect on the latter of: (1) following approval by the Mayor (or the Council in the event of a veto override), approval by the Financial Responsibility and Management Assistance Authority as provided in § 47-392.03(a), and a 30-day period of Congressional review as provided in § 1-233 (c)(1), and publication in the District of Columbia Register; or (2) enactment by Congress of legislation providing that the moneys advanced to the agency pursuant to congressional appropriations need not be repaid to the General Fund of the District of Columbia.
Editor's Notes
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 IV - Financial Affairs of the Agency › § 42–2704.04. Trust indenture to secure bonds or notes; provisions protecting holders; expenses treated as operating expenses

§ 42–2704.04. Trust indenture to secure bonds or notes; provisions protecting holders; expenses treated as operating expenses.
(a) Authority. — The Agency may secure bonds, notes, or other obligations by a trust indenture between the Agency and a corporate trustee which has the authority to exercise corporate trust powers within the District.
(b) Provisions. — A trust indenture of the Agency may contain provisions for protecting and enforcing the rights and remedies of holders of bonds or notes in accordance with the provisions of the resolution authorizing the sale of bonds or notes.
(c) Expenses. — The Agency may treat expenses incurred in carrying out a trust indenture as operating expenses.
(Mar. 3, 1979, D.C. Law 2-135, § 404, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(q), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2134.
1973 Ed., § 45-1919.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.05. Agency’s purchase of its own bonds and notes; maximum price

§ 42–2704.05. Agency’s purchase of its own bonds and notes; maximum price.
Subject to pre-existing agreements with the holders of bonds, notes, or other obligations, the Agency may purchase its own bonds, notes, or other obligations which may then be cancelled upon such terms and conditions as established by the Agency.
(1) If the bonds, notes, or other obligations are redeemable, the price cannot exceed the redemption price then applicable plus accrued interest to the next interest payment; or
(2) If the bonds, notes, or other obligations are not redeemable, the price cannot exceed the redemption price applicable on the 1st date after the purchase upon which the bonds, notes or other obligations become subject to redemption plus accrued interest to that date.
(Mar. 3, 1979, D.C. Law 2-135, § 405, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(r), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2135.
1973 Ed., § 45-1920.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.06. Special or reserve funds; management and investment of funds

§ 42–2704.06. Special or reserve funds; management and investment of funds.
The Agency may establish special or reserve funds in furtherance of its authority under this chapter. Notwithstanding other provisions of District law and subject to agreements with holders of bonds and notes, the Agency shall manage its own funds, and may invest funds not required for disbursement in a manner the Agency determines prudent and in accordance with § 42-2704.13.
(Mar. 3, 1979, D.C. Law 2-135, § 406, 25 DCR 5008; Mar. 8, 1984, D.C. Law 5-50, § 3(a), 30 DCR 5916; Mar. 16, 1993, D.C. Law 9-185, § 3(a), 39 DCR 8221; June 28, 1994, D.C. Law 10-134, § 4(a), 41 DCR 2597; Apr. 18, 1996, D.C. Law 11-110, § 62, 43 DCR 530.)
Prior Codifications
1981 Ed., § 45-2136.
1973 Ed., § 45-1921.
Section References
This section is referenced in § 42-2704.13.
Cross References
Limitation on investment of District of Columbia employees retirement funds, see § 1-721.
Emergency Legislation
For temporary amendment of section, see § 4(a) of the South Africa Sanctions Emergency Repeal Act of 1993 (D.C. Act 10-127, October 25, 1993, 40 DCR 7583) and § 4(a) of the South Africa Sanctions Congressional Recess Emergency Repeal Act of 1994 (D.C. Act 10-176, January 25, 1994, 41 DCR 512).
Temporary Legislation
For temporary (225 day) amendment of section, see § 4(a) of South Africa Sanctions Repeal Act 1993 (D.C. Law 10-75, March 8, 1994, law notification 41 DCR 1518).
Delegation of Authority
Delegation of authority under D.C. Law 9-185, “Public Funds Investment Policy in Financial Institutions and Companies Making Loans to or Doing Business with Northern Ireland Amendment Act of 1992”, see Mayor’s Order 93-76, June 16, 1993.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.07. No limitation, alteration, or impairment of rights and remedies of bondholders and noteholders

§ 42–2704.07. No limitation, alteration, or impairment of rights and remedies of bondholders and noteholders.
The District pledges to the holders of any bonds or notes issued under this chapter that the District will not limit or alter rights vested in the Agency to fulfill agreements made with the holders thereof, or in any way impair the rights and remedies of such holders until the bonds and notes, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of such holders are fully met and discharged. The Agency is authorized to include this pledge of the District in any agreement with the holders of bonds or notes.
(Mar. 3, 1979, D.C. Law 2-135, § 407, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2137.
1973 Ed., § 45-1922.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.08. Faith and credit and taxing power of District not pledged on obligation; statement thereto

§ 42–2704.08. Faith and credit and taxing power of District not pledged on obligation; statement thereto.
Bonds, notes, and other obligations issued under the provisions of this chapter do not constitute an obligation of the District, but are payable solely from the revenues or assets of the Agency. Each bond, note, or other obligation issued under this chapter must contain on its face a statement that the Agency is not obligated to pay principal or interest except from the revenues or assets pledged and that neither the faith and credit nor the taxing power of the District is pledged to the payment of the principal or interest on a bond, note, or other obligation.
(Mar. 3, 1979, D.C. Law 2-135, § 408, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(s), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2138.
1973 Ed., § 45-1923.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.09. Bonds and notes as legal investments and securities

§ 42–2704.09. Bonds and notes as legal investments and securities.
The bonds and notes of the Agency are legal investments in which public officers and public bodies of the District, insurance companies and associations and other persons carrying on an insurance business, banks, bankers, banking institutions including savings and loan associations, building and loan associations, trust companies, savings banks and savings associations, investment companies and other persons carrying on a banking business, administrators, guardians, executors, trustees, and other fiduciaries and other persons authorized to invest in bonds or in other obligations of the District, may legally invest funds, including capital, in their control. The bonds and notes are also securities which legally may be deposited with and received by public officers and public bodies of the District or any agency of the District for any purpose for which the deposit of bonds or other obligations of the District is authorized by law.
(Mar. 3, 1979, D.C. Law 2-135, § 409, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2139.
1973 Ed., § 45-1924.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.10. District tax exemptions; payments in lieu; exceptions

§ 42–2704.10. District tax exemptions; payments in lieu; exceptions.
(a) Assets and income of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C) are exempt from District taxation. The Agency may make, at its discretion, payment in lieu of taxation.
(b) Bonds and notes issued by the Agency and the interest thereon are exempt from District taxation except estate, inheritance, and gift taxes.
(Mar. 3, 1979, D.C. Law 2-135, § 410, 25 DCR 5008; Mar. 25, 2003, D.C. Law 14-239, § 2(f), 49 DCR 11162.)
Prior Codifications
1981 Ed., § 45-2140.
1973 Ed., § 45-1925.
Effect of Amendments
D.C. Law 14-239, in subsec. (a), substituted “of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C)” for “of the Agency”.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.11. Deposits; payments out of accounts; contracts involving monies held in trust or otherwise for payment of notes or bonds

§ 42–2704.11. Deposits; payments out of accounts; contracts involving monies held in trust or otherwise for payment of notes or bonds.
(a) All monies of the Agency, except as otherwise authorized in this chapter, shall be deposited as soon as practicable in 1 or more separate accounts in financial institutions regulated or insured by a federal or District agency. Monies in these accounts shall be paid out on checks signed by the Executive Director or other authorized officers or employees of the Agency.
(b) Notwithstanding the provisions of this section, the Agency shall have power to contract with the holders of its notes or bonds as to the custody, collection, securing, investment, and payment of any monies of the Agency and of any monies held in trust or otherwise for the payment of notes or bonds. Monies held in trust pursuant to a contract with holders of notes or bonds may be secured in the same manner as monies of the Agency.
(Mar. 3, 1979, D.C. Law 2-135, § 411, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2141.
1973 Ed., § 45-1926.
Section References
This section is referenced in § 42-2703.01 and § 42-2704.13.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter IV - Financial Affairs of the Agency › § 42–2704.12. Investment of funds with financial institution or company doing business with Republic of South Africa. [Repealed]

§ 42–2704.12. Investment of funds with financial institution or company doing business with Republic of South Africa. [Repealed]
Repealed.
(June 28, 1994, D.C. Law 10-134, § 4(b), 41 DCR 2597.)
Prior Codifications
1981 Ed., § 45-2142.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter V - Public Accountability › § 42–2705.01. Agency actions governed by Administrative Procedure Act

§ 42–2705.01. Agency actions governed by Administrative Procedure Act.
Except as provided in subsection (e) of § 42-2704.02, all actions of the Agency shall be conducted in accordance with the District of Columbia Administrative Procedure Act (§ 2-501 et seq.).
(Mar. 3, 1979, D.C. Law 2-135, § 501, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(t), 28 DCR 2848.)
Prior Codifications
1981 Ed., § 45-2151.
1973 Ed., § 45-1927.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter V - Public Accountability › § 42–2705.02. Advisory Committees

§ 42–2705.02. Advisory Committees.
The Agency, from time to time, may establish advisory committees or groups to advise the Agency with respect to matters the Agency shall designate and may appoint persons to serve on such advisory committees or groups as the Agency may deem necessary consistent with the provisions of this chapter. The function of such committees or groups shall be solely advisory in nature, and no such committee or group shall have authority to act for, or on behalf, of the Agency.
(Mar. 3, 1979, D.C. Law 2-135, § 502, 25 DCR 5008; Aug. 5, 1981, D.C. Law 4-28, § 2(u), 28 DCR 2848; Apr. 20, 1999, D.C. Law 12-247, § 2(t), 46 DCR 1100.)
Prior Codifications
1981 Ed., § 45-2152.
1973 Ed., § 45-1928.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter V - Public Accountability › § 42–2705.03. Annual report by Agency; contents

§ 42–2705.03. Annual report by Agency; contents.
The Agency shall, within 90 days of the end of each fiscal year, submit an annual report of its activities for the preceding year to the Mayor, the Council, and the Advisory Board. The report shall set forth a complete operating financial statement of the Agency during the fiscal year it covers, its housing program operations and accomplishments, the names of all new employees and their pay schedules, titles, and place of residence, its plans for the succeeding fiscal year, and its recommendations for needed action on the part of the Mayor or Council, with respect to the purposes of the Agency.
(Mar. 3, 1979, D.C. Law 2-135, § 503, 25 DCR 5008; Feb. 6, 2008, D.C. Law 17-108, § 215(b), 54 DCR 10993; Mar. 25, 2009, D.C. Law 17-353, § 223(g), 56 DCR 1117.)
Prior Codifications
1981 Ed., § 45-2153.
1973 Ed., § 45-1929.
Section References
This section is referenced in § 42-2704.01.
Effect of Amendments
D.C. Law 17-108 substituted “accomplishments, and the names of all new employees and their pay schedules, titles, and place of residence,” for “accomplishments,”.
D.C. Law 17-353 substituted “the names” for “and the names”.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter V - Public Accountability › § 42–2705.04. Agency to arrange annual audit; transmission to Mayor and Council

§ 42–2705.04. Agency to arrange annual audit; transmission to Mayor and Council.
The Agency shall contract at least once each year with an independent certified public accountant to audit the books and accounts of the Agency. The Agency shall transmit the audit to the Mayor and Council within 10 days of receipt.
(Mar. 3, 1979, D.C. Law 2-135, § 504, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2154.
1973 Ed., § 45-1930.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter VI - Miscellaneous Provisions › § 42–2706.01. Liberal construction of chapter

§ 42–2706.01. Liberal construction of chapter.
The provisions of this chapter are to be liberally construed so as to effectuate those powers which are specifically enumerated.
(Mar. 3, 1979, D.C. Law 2-135, § 601, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2161.
1973 Ed., § 45-1931.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter VI - Miscellaneous Provisions › § 42–2706.02. Severability

§ 42–2706.02. Severability.
If any section, subsection, subdivision, paragraph, sentence, clause, or provision of this chapter shall be unconstitutional or ineffective, in whole or in part, to the extent that it is not unconstitutional or ineffective it shall be valid and effective, and no other section, subsection, subdivision, paragraph, sentence, clause, or provision shall on account thereof be deemed invalid or ineffective.
(Mar. 3, 1979, D.C. Law 2-135, § 602, 25 DCR 5008.)
Prior Codifications
1981 Ed., § 45-2162.
1973 Ed., § 45-1932.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter VI - Miscellaneous Provisions › § 42–2706.03. Allocation of bond issuing authority

§ 42–2706.03. Allocation of bond issuing authority.
All of the authority of the District government to issue qualified mortgage bonds in each calendar year under the Mortgage Subsidy Bond Tax Act of 1980 (26 U.S.C. § 1100 et seq.) as it may be amended from time to time with respect to the District is allocated to the Agency.
(Mar. 3, 1979, D.C. Law 2-135, § 603; as added Aug. 5, 1981, D.C. Law 4-28, § 2(w), 28 DCR 2848.)
Prior Codifications
1981 Ed., § 45-2163.
1973 Ed., § 45-1932.
References in Text
The Mortgage Subsidy Bond Tax Act of 1980 is codified as notes under 26 U.S.C. §§ 1, 103A, and 141, not as 26 U.S.C. § 1100 et seq.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter VI - Miscellaneous Provisions › § 42–2706.04. Disposition of assets on dissolution

§ 42–2706.04. Disposition of assets on dissolution.
If the Agency is dissolved by repeal of this chapter, or ceases to exist for any other reason, all of its assets (including, but not limited to, cash, accounts receivable, reserve funds, real or personal property, and contract and other rights) shall automatically be assigned to and become the property of the District.
(Mar. 3, 1979, D.C. Law 2-135, § 604; as added Aug. 5, 1981, D.C. Law 4-28, § 2(w), 28 DCR 2848.)
Prior Codifications
1981 Ed., § 45-2164.
1973 Ed., § 45-1932.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 27 - Housing Finance Agency › Subchapter VI - Miscellaneous Provisions › § 42–2706.05. Laws or acts referred to in this chapter

§ 42–2706.05. Laws or acts referred to in this chapter.
Each law or act of the District identified in this chapter shall include any and all amendments thereto made from time to time, and shall include any and all superseding laws and acts, unless the superseding law or act expressly provides otherwise.
(Mar. 3, 1979, D.C. Law 2-135, § 605; as added Aug. 5, 1981, D.C. Law 4-28, § 2(w), 28 DCR 2848.)
Prior Codifications
1981 Ed., § 45-2165.
1973 Ed., § 45-1932.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter I - General Provisions › § 42–2802.01. Housing Production Trust Fund Board

§ 42–2802.01. Housing Production Trust Fund Board.
(a) There is hereby established a Housing Production Trust Fund Board. The Board shall advise the Mayor on the development, financing, and operation of the Fund and other matters related to the production of housing for low-income, very low-income, and extremely low-income households. The Board may review the uses of the Fund for their conformity with the purposes of this chapter and the Board shall have reasonable access to records related to the Fund to perform this review.
(b) The Board shall be composed of 9 members, selected as follows:
(1) One member shall be a representative of the financial services industry.
(2) One member shall be a representative of the nonprofit housing production community.
(3) One member shall be a representative of the for-profit housing production industry.
(4) One member shall be a representative of an organization that advocates for the production, preservation, and rehabilitation of affordable housing for lower-income households.
(5) One member shall be a representative of the low-income tenant association.
(6) One member shall be a representative of an organization that advocates for people with disabilities.
(7) The remaining 3 members shall have significant knowledge of an area related to the production, preservation, and rehabilitation of affordable housing for lower-income households.
(c) The members of the Board shall be appointed by the Mayor within 50 days of April 19, 2002, with the advice and consent of the Council.
(d) The terms of the members of the Board shall be 4 years; provided, that of the initial 9 members of the Board, the Mayor shall appoint 5 members to serve 2-year terms.
(e) No member of the Board may serve more than 2 terms.
(f) The Chairperson of the Board shall be designated by the Mayor with the advice and consent of the Council.
(Mar. 16, 1989, D.C. Law 7-202, § 3a; as added June 8, 1990, D.C. Law 8-133, § 2, 37 DCR 2369; Apr. 19, 2002, D.C. Law 14-114, § 501(c), 49 DCR 1468; Oct. 19, 2002, D.C. Law 14-213, § 28(b), 49 DCR 8140; Apr. 24, 2007, D.C. Law 16-305, § 63, 53 DCR 6198.)
Prior Codifications
1981 Ed., § 45-3102.1.
Section References
This section is referenced in § 42-2801.
Effect of Amendments
D.C. Law 14-114 rewrote this section which had read as follows: “Any nongovernment member of a board established by the Mayor to administer or provide advice on the administration of the Housing Production Trust Fund shall be appointed by the Mayor with the advice and consent of the Council of the District of Columbia.”
D.C. Law 14-213, in subsec. (c), validated a previously made technical correction; and in subsec. (d), substituted “9” for
See Note to § 42-2801.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter I - General Provisions › § 42–2804. Rules

§ 42–2804. Rules.
Rules to implement this chapter shall be promulgated by the Mayor pursuant to subchapter I of Chapter 5 of Title 2, and submitted to the Council within 90 days after March 16, 1989 for a 45-day review period, 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, within this 45-day review period, the proposed rules shall be deemed approved.
(Mar. 16, 1989, D.C. Law 7-202, § 5, 36 DCR 444.)
Prior Codifications
1981 Ed., § 45-3104.
Section References
This section is referenced in § 42-2802.
Resolutions
Resolution 14-579, the “Housing Production Trust Fund Regulatory Amendment Approval Resolution of 2002”, was approved effective October 18, 2002.
Resolution 16-393, the “Housing Production Trust Fund Regulatory Amendment Approval Resolution of 2005”, was approved effective November 26, 2005.
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.01. Definitions

§ 42–2812.01. Definitions.
For the purpose of this subchapter, the term:
(1) “Allocated Fund” means the portion of the Fund established pursuant to § 42-2802 that equals the amount that is deposited in the Fund from the real property transfer tax imposed by § 47-903 and the deed recordation tax imposed by § 42-1103.
(2) “Authorized Delegate” means the City Administrator, the Chief Financial Officer, the Treasurer, or any officer or employee of the executive office of the Mayor to whom the Mayor has delegated any of the Mayor’s functions under this chapter pursuant to § 1-204.22(6).
(3) “Bond Counsel” means a firm or firms of attorneys designated as bond counsel from time to time by the Mayor.
(4) “Bonds” means the District of Columbia revenue bonds, notes, or other obligations (including refunding bonds, notes, and other obligations), in one or more series, authorized to be issued pursuant to this subchapter.
(5) “Chairman” means the Chairman of the Council of the District of Columbia.
(6) “Chief Financial Officer” means the Chief Financial Officer established pursuant to § 1-204.24a(a).
(7) “City Administrator” means the City Administrator established pursuant to § 1-204.22(7).
(8) “Closing Documents” means all documents and agreements other than Financing Documents that may be necessary and appropriate to issue, sell, and deliver the bonds contemplated thereby, and includes agreements, certificates, letters, opinions, forms, receipts, and other similar instruments.
(9) “Department” means the Department of Housing and Community Development.
(10) “Financing Documents” means the documents other than Closing Documents that relate to the financing or refinancing of transactions to be effected through the issuance, sale, and delivery of the bonds, including any offering document, and any required supplements to any such documents.
(11) “Home Rule Act” means Chapter 2 of Title 1.
(12) “New Communities Initiative” shall have the same meaning as in section 42-2802(b)(11)(B).
(Mar. 16, 1989, D.C. Law 7-202, § 201; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
Short Title
Short title of subtitle J of title II of Law 16-33: Section 2171 of D.C. Law 16-33 provided that subtitle J of title II of the act may be cited as the Housing Production Trust Fund and New Communities Financing Amendment Act of 2005.
Delegation of Authority
Delegation of Authority to the Deputy Mayor for Planning and Economic Development—Implementation of the New Communities Initiative, see Mayor’s Order 2008-165, December 31, 2008 ( 56 DCR 334).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.02. Findings

§ 42–2812.02. Findings.
The Council finds that:
(1) Section 1-204.90 provides that the Council may, by resolution, authorize the issuance of District revenue bonds, notes, or other obligations (including refunding bonds, notes, or other obligations) to borrow money to finance, refinance, or reimburse and to assist in the financing, refinancing, or reimbursing of undertakings in certain areas designated in § 1-204.90 where the ultimate obligation to repay the revenue bonds, notes, or other obligations is that of one or more governmental persons or entities.
(2) Under § 42-2802, the Council established the Housing Production Trust Fund as a permanent proprietary revolving fund to be administered by the Department to provide assistance in housing production for targeted populations.
(3) The Mayor wishes to issue bonds for the benefit of the Fund and to pledge to repayment of the bonds a portion of the monies deposited into the Fund and to use the proceeds of the bonds to accomplish certain of the purposes of this chapter.
(4) Section 1-204.90 provides that bonds may be issued to assist in undertakings in the area of housing.
(5) The authorization, issuance, sale, and delivery of the bonds are desirable, are in the public interest, and will promote the purposes and intent of § 1-204.90 and of this chapter.
(Mar. 16, 1989, D.C. Law 7-202, § 202; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.06. Payment and security

§ 42–2812.06. Payment and security.
(a) Except as otherwise provided in § 42-2812.03(b), the principal of, premium, if any, and interest on, the bonds shall be payable solely from proceeds received from the sale of the bonds, income realized from the temporary investment of those proceeds, receipts and revenues realized by the District from the Allocated Fund, income realized from the temporary investment of those receipts and revenues prior to payment to the bond owners, other moneys that, as provided in the Financing Documents, may be made available to the District for the payment of the bonds, and other sources of payment (other than the District), all as provided for in the Financing Documents.
(b) Payment of the bonds shall be secured as provided in the Financing Documents and by an assignment by the District for the benefit of the bond owners of certain of its rights under the Financing Documents and Closing Documents, including a security interest in certain collateral, if any, to the trustee for the bonds pursuant to the Financing Documents.
(c) The trustee is authorized to deposit, invest, and disburse the proceeds received from the sale of the bonds pursuant to the Financing Documents.
(Mar. 16, 1989, D.C. Law 7-202, § 206; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.07. Financing and Closing Documents

§ 42–2812.07. Financing and Closing Documents.
(a) The Mayor is authorized to prescribe the final form and content of all Financing Documents and all Closing Documents to which the District is a party that may be necessary or appropriate to issue, sell, and deliver the bonds. Each of the Financing Documents and each of the Closing Documents to which the District is not a party shall be approved, as to form and content, by the Mayor.
(b) The Mayor is authorized to execute, in the name of the District and on its behalf, the Financing Documents and any Closing Documents to which the District is a party by the Mayor’s manual or facsimile signature.
(c) If required, the official seal of the District, or a facsimile of it, shall be impressed, printed, or otherwise reproduced on the bonds, the Financing Documents, and the Closing Documents to which the District is a party.
(d) The Mayor’s execution and delivery of the Financing Documents and the Closing Documents to which the District is a party shall constitute conclusive evidence of the Mayor’s approval, on behalf of the District, of the final form and content of the executed Financing Documents and the executed Closing Documents, including those Financing Documents and Closing Documents to which the District is not a party.
(e) The Mayor is authorized to deliver the executed and sealed Financing Documents and Closing Documents on behalf of the District, prior to or simultaneously with the issuance, sale, and delivery of the bonds, and to ensure the due performance of the obligations of the District contained in the executed, sealed, and delivered Financing Documents and Closing Documents.
(Mar. 16, 1989, D.C. Law 7-202, § 207; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.08. Authorized delegation of authority

§ 42–2812.08. Authorized delegation of authority.
To the extent permitted by District and federal laws, the Mayor may delegate to any Authorized Delegate the performance of any function authorized to be performed by the Mayor under this subchapter.
(Mar. 16, 1989, D.C. Law 7-202, § 208; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.09. Limited liability

§ 42–2812.09. Limited liability.
(a) The bonds shall be special obligations of the District. The bonds shall be without recourse to the District. The bonds shall not be general obligations of the District, shall not be a pledge of or involve the faith and credit or the taxing power of the District (other than real property transfer taxes and deed recordation taxes), shall not constitute a debt of the District, and shall not constitute lending of the public credit for private undertakings as prohibited in § 1-206.02(a)(2).
(b) The bonds shall not give rise to any pecuniary liability of the District and the District shall have no obligation with respect to the purchase of the bonds.
(c) Nothing contained in the bonds, in the Financing Documents, or in the Closing Documents shall create an obligation on the part of the District to make payments with respect to the bonds from sources other than those listed for that purpose in § 42-2812.03.
(d) All covenants, obligations, and agreements of the District contained in this subchapter, the bonds, and the executed, sealed, and delivered Financing Documents and Closing Documents to which the District is a party, shall be considered to be the covenants, obligations, and agreements of the District to the fullest extent authorized by law, and each of those covenants, obligations, and agreements shall be binding upon the District, subject to the limitations set forth in this subchapter.
(e) No person, including, but not limited to any bond owner, shall have any claims against the District or any of its elected or appointed officials, officers, employees, or agents for monetary damages suffered as a result of the failure of the District to perform any covenant, undertaking, or obligation under this subchapter, the bonds, the Financing Documents, or the Closing Documents, or as a result of the incorrectness of any representation in or omission from the Financing Documents or the Closing Documents, unless the District or its elected or appointed officials, officers, employees, or agents have acted in a willful and fraudulent manner.
(Mar. 16, 1989, D.C. Law 7-202, § 209; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Section References
This section is referenced in § 42-2812.10.
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.10. District officials

§ 42–2812.10. District officials.
(a) Except as otherwise provided in § 42-2812.09(e), the elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the bonds or be subject to any personal liability by reason of the issuance of the bonds, or for any representations, warranties, covenants, obligations, or agreements of the District contained in this chapter, the bonds, the Financing Documents, or the Closing Documents.
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the Financing Documents, or the Closing Documents shall be valid and sufficient for all purposes notwithstanding the fact that the individual signatory ceases to hold that office before delivery of the bonds, the Financing Documents, or the Closing Documents.
(Mar. 16, 1989, D.C. Law 7-202, § 210; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.11. Maintenance of documents

§ 42–2812.11. Maintenance of documents.
Copies of the specimen bonds and of the final Financing Documents and Closing Documents shall be filed in the Office of the Secretary of the District of Columbia.
(Mar. 16, 1989, D.C. Law 7-202, § 211; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
2023 District of Columbia Code › Title 42 - Real Property › Chapter 28 - Housing Production Trust Fund › Subchapter II - Bond Authorization › § 42–2812.12. Information reporting

§ 42–2812.12. Information reporting.
Within 3 days after the Mayor’s receipt of the transcript of proceedings relating to the issuance of the bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the Council.
(Mar. 16, 1989, D.C. Law 7-202, § 212; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
Emergency Legislation
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).