Incentive	Description	Local Administering Agency / Contact	Eligibility Requirements Federal / Local Program
First-Time Homeowner's Tax Credit	A $5000 federal income tax credit is available to first-time homebuyers in the District of Columbia.	No agency contact required. Claim with annual tax filing (IRS Form 8859). Gwen Adams DC Housing and Finance Agency (202) 777-1612	To claim entire $5000 credit, filers must meet following restrictions: Joint filers - up to $110,000 Single filers - up to $70,000. To claim partial credit: Joint filers - $110,000-$130,000 Single filers - $70,000-$90,000. Federal:  IRS Form 8859
Low Income Housing Tax Credit Program	Allocates a 4% tax credit to developers of new or rehabilitated affordable rental housing.	DC Housing Finance Agency (HFA) www.dchfa.org Kamilah Parker Multi-Family Public Finance Division (202) 777-1612	Must meet affordable housing guidelines: Min. 20% affordable housing for persons with 50% of median income and 40% for persons with 60% of median income MD-VA-DC MSA median income is $85,600* *Statistic as of FY2001. Subject to change. Local
Tax-Exempt and Taxable Multi-Family Rental and Co-op Bond Financing and Tax Credits	Bond financing is available for permanent and construction debt associated with the construction/renovation of rental and cooperatives. Four percent (4%) tax credit is available to developers of low-income housing.	DC Housing Finance Agency (HFA) www.dchfa.org Kamilah Parker Multi-Family Public Finance Division (202) 777-1612	To claim credit, filers must apply for financing through HFA. Local
Housing Production Trust Fund Program (HPTFP)	Provides financial assistance to nonprofit and commercial developers for rental and ownership of low- to moderate-income rental and ownership housing and related facilities.	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov Paul Cohn (HPTFP) (202) 442-7225	Must provide low to moderate-income housing and related facilities. Local
Housing Finance for Elderly, Dependent and Disabled (HoFEDD)	Provides financing to commercial and nonprofit applicants to develop housing for individuals with special needs.	Housing and Community Development (DHCD) http://dhcd.dc.gov Thackaberry (HoFEDD Program) (202) 442-7141	Residential facilities must house individuals with special needs, including drug and alcohol abusers, the homeless, the mentally and physically disabled and the elderly. Local
Distressed Properties Improvement Program (DPIP)	Deferral or forgiveness of real estate taxes, water charges, and other public debts owed on rental properties, as an inducement for owners to rehabilitate previously vacant housing. See Title VIII of the DC Rental Housing Act of 1985	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov DPIP (202) 442-7280	15% of completed units must serve low- and moderate-income households. Local
Single-Family Residential Rehabilitation Program	Provides low-cost financing for the rehabilitation of 1 - 4 unit residential housing. Provides low-interest amortizing loans for up to 20 years, depending on the financial circumstances of the borrower and the amount of rehab required to correct code deficiencies. Special monies set aside for handicapped access and senior living improvements.	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov Robert Mulderig (202) 442-6993	Residential property must be owner-occupied or investor-owned and located in Community Development Area or Enterprise Community. Local
Multi-Family Housing Rehabilitation Loan Program (MfHRLP)	Provides low-cost interim construction financing for the rehabilitation of residential property containing five (5) or more units.	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov Jerry Williamson (MfHRLP) (202) 442-7280	Program available to developers of rental housing and lower-income cooperative housing. Local
Emergency Shelter Grant Program (ESGP)	Grants are for renovation, rehabilitation or conversion of buildings for use as emergency homeless shelters.	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov Wanda Pope (ESGP) (202) 442-7133	Finished project must provide shelter to homeless individuals. Local
Housing Purchase Assistance Program (HPAP)	Provides interest-free or low-interest loans for down payments, closing costs, or other expenses associated with buying a house, condominium or cooperative in the District. Amount of loan is adjusted to reduce the total monthly payment to 28% of household's monthly gross income. For very low income family, repayment of loan is deferred until house is sold.	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov William Jameson (HPAP) (202) 442-7290	Eligible families must meet income restrictions ($28,200-$63,750 - one person household, $32,250-$72,850 - two person household, $40,500-$91,100 - four person household). Maximum loan amount - $20,000 Year 2000 income guidelines. Subject to change. Local
Single-Family Mortgage Revenue Bonds	HFA finances below-market rate loans to low- and moderate-income residents using proceeds from the sale of Single Family Mortgage Revenue Bonds.	DC Housing Finance Agency (HFA) www.dchfa.org Gwen Adams (202) 777-1600	Application approval through HFA Local
Apartment Improvement Program	Provides technical assistance to owners of rental housing for property improvements.	Department of Housing and Community Development (DHCD) http://dhcd.dc.gov Office of the Director (202) 442-7200	Available to owners of rental housing Local