{"data":{"id":"us-dc/d.c.-code-42-2601","jurisdiction":"us-dc","citation":"D.C. Code § 42-2601","heading":"Home Purchase Assistance Fund.","body":"(a)\nThere is established as a special fund the Home Purchase Assistance Fund (\"Fund\"), to be administered by the Mayor in accordance with subsection (c) of this section.\n\n(b)\nThe following revenue shall be deposited in the Fund:\n(1)\nSuch amounts as may be appropriated to the Fund;\n(2)\nGrants and gifts from public and private sources to the Fund or to the District of Columbia for the purposes of the Fund;\n(3)\nRepayments of principal and any interest on loans provided from the Fund;\n(4)\nProceeds realized from the liquidation of any security interests held by the District of Columbia under the terms of any assistance provided from the Fund;\n(5)\nInterest earned from the deposit or investment of monies of the Fund;\n(6)\nRepayments of principal and any interest on loans provided under the District of Columbia Government Employer-Assisted Housing Program; and\n(7)\nAll other revenues, receipts, and fees of whatever nature derived from the operation of the Fund.\n\n(c)\n(1)\nMoney in the Fund shall be used to provide financial assistance to low and moderate income persons, and District 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.\n(2)\nMoney in the Fund shall also be available 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.\n(3)\nUnder terms and conditions prescribed by the Mayor, the Fund may 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.\n\n(d)\nAny money remaining available in the Fund at the end of a fiscal year, as determined by the Chief Financial Officer in the fiscal year-end close, shall be transferred to the unassigned fund balance of the General Fund of the District of Columbia as part of the fiscal year-end close.","path":["Title 42. Real Property.","Chapter 26. Home Purchase Assistance Fund.","Subchapter I. General Provisions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/42-2601","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a393436ce94996d9c703ab171830588414e2b37f663ec09ff19ea6dc0e0f6f09","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-42-2521","next":"us-dc/d.c.-code-42-2601.01"},"notice":"GroundRules: Original legal text. Not legal advice."}