Code of the District of Columbia

§ 42–2624. Assistance.

(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.