D.C. Code § 42-2603: Dashboard; continuing eligibility.

(a)

Repealed.

(b)

(1)

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

(A)

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

(B)

The underwriting guidelines and program rules for each Program administrator;

(C)

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

(i)

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

(ii)

Issue a notice to proceed after issuing a notice of eligibility; and

(iii)

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

(2)

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

(c)

Notwithstanding subsection (a) of this section:

(1)

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

(2)

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

(3)

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

(4)

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

(5)

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