| Incentive |
Description |
Local Administering Agency / Contact |
Eligibility Requirements
Federal / Local Program |
| Construction Assistance Program |
Provides assistance to nonprofit land trusts to acquire land and buildings for development of low- and moderate-income housing. |
Department of Housing and Community Development (DHCD)
http://dhcd.dc.gov
|
Property title must be retained by the nonprofit trust with provisions for permanent dedication for use as low- and moderate- income housing.
Local |
| Homestead Housing Preservation Program (HHPP) |
District sells single-family tax delinquent rental properties directly to eligible applicants who are selected in a lottery. Multi family properties are sold to tenant associations, cooperative associations and nonprofit developers, through a competitive bid process. |
Department of Housing and Community Development (DHCD)
http://dhcd.dc.gov
|
Groups that win bids are required to rehabilitate the properties into cooperatives comprised of first-time homebuyers. Homesteaders are required to enroll and successfully complete a homeownership training course, rehabilitate the property to meet housing code standards, live in the property for five (5) years and return the property to the tax rolls.
Local |
| Homeownership Developers Incentive Fund (HDIF) |
Provides grants to Community Development Corporations and other nonprofit development entities to help lower the cost of units developed by nonprofits to make them affordable to low- and moderate-income buyers. |
Department of Housing and Community Development (DHCD)
http://dhcd.dc.gov
|
Must attain funds through community development corporation and project must be consistent with strategic neighborhood development plan.
Local |
| Tenant Purchase Technical Assistance Program (TPTAP) |
Provides technical assistance, legal counseling, loan packaging and management assistance. |
Department of Housing and Community Development (DHCD)
http://dhcd.dc.gov
|
Only available to nonprofit, low- and moderate-income tenant groups desiring to purchase their existing housing units and convert them to cooperatives and condominiums.
Local |
