{"data":{"id":"us-dc/d.c.-code-42-2505","jurisdiction":"us-dc","citation":"D.C. Code § 42-2505","heading":"Deferred payment loan.","body":"(a)\nIn 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.\n\n(b)\nPayment of the principal may be deferred until the property is sold, transferred, or ceases to be the principal residence of the Participant.\n\n(c)\nDeferred payment loans may be secured by a second deed of trust on the subject property.\n\n(d)\nThe deferred payment loan may be used in conjunction with the Home Purchase Assistance Program established by Chapter 26 of this title.\n\n(e)\nThe Department may charge interest on the loan if the housing unit is sold within 5 years.","path":["Title 42. Real Property.","Chapter 25. District Government Employee Housing Assistance.","Subchapter I. Government Employer-Assisted Housing Program."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/42-2505","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"e684456228f1ef186852774b0c8f049999fe021844a2be20cc91a66542209348","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-42-2504","next":"us-dc/d.c.-code-42-2505.01"},"notice":"GroundRules: Original legal text. Not legal advice."}