§ 42–2601.01. Definitions.

For the purposes of this subchapter, the term:

(1) "Dashboard" means a public-facing webpage that provides consistent and regular updates on the amount of funding left in the Program.

(2) "DHCD" means the Department of Housing and Community Development.

(3) "Loan-to-value ratio" means the amount of Program money offered to a participant compared to the cost of the housing unit the qualifying applicant would like to purchase.

(4) "Program" means the Home Purchase Assistance Program.

(5) "Qualifying applicant" means an applicant who has been approved to receive financial assistance through the Program for purposes of a down payment or a mortgage rate buydown.