1. (a) Notwithstanding part B of subchapter XII-A of Chapter 3 of Title 1, or its implementing rules under Chapter 50 of Title 1 of the District of Columbia Municipal Regulations (1 DCMR § 5000 et seq.), DHCD is authorized to enter into a grant agreement with NACA to provide financial relief for Property Owners seeking to obtain permanent housing.

2. (b) The grant agreement may include that NACA:

   1. (1) Provide housing counseling services to Property Owners, including assessing Property Owners' permanent housing options and working with Property Owners to meet NACA's mortgage eligibility criteria;
   2. (2) Provide recommendations to the Mayor about the financial need for gap financing based on the assessments of the Property Owners;
   3. (3) Alongside the Mayor, seek relief for Property Owners' existing mortgages on the Property;
   4. (4) Provide affordable mortgage options to eligible Property Owners;
   5. (5) Waive any requirements against a Property Owner having an existing mortgage; provided, that the existing mortgage is on the Property; and
   6. (6) Not use credit score as the deciding factor for approving a Property Owner's mortgage.

History

Sept. 18, 2024, D.C. Law 25-217, § 2133