4110.1 Special Financial Products may be originated as follows:

1. (a) Directly by DHCD; or
2. (b) By non-profit organizations pursuant to a written agreement with DHCD specifying the terms and conditions, consistent with the Act and this chapter.

4110.2 All Special Financial Products, whether originated by DHCD or a non-profit organization shall comply with the application procedures for Housing Production Component assistance as set forth in §§4106.5, 4106.6, 4106.7, and 4108.

4110.3 All prospective Borrowers or Grantees for financial assistance through the Special Financial Products Component shall be subject to the Borrower eligibility criteria and priorities as set forth in §§4106.1 through 4106.4.

SOURCE: Final Rulemaking published at 36 DCR 8631, 8645 (December 29, 1989); as amended by Final Rulemaking published at 49 DCR 10582(November 22, 2002); as amended by Emergency Rulemaking published at 50 DCR 1605(February 14, 2003)[EXPIRED].