| 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
Jerry Williamson
(202) 442-7282
|
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
Jean Washington (HHPP)
(202) 442-7154
|
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
Bill Jameson (HDIF)
(202) 442-7295
|
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
Robert Simon (TPTAP)
(202) 442-7295
|
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
|