D.C. Code § 42-2624: Assistance.
Where this section sits in the code
- Title 42. Real Property.
- Chapter 26. Home Purchase Assistance Fund.
- Subchapter II. Step Up Program.
(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.
Collected 2026-08-29T05:44:07Z. Source file · JSON