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D.C. Code § 42-2624

Assistance

Apr. 27, 1999, D.C

(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.

Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.