| 8 | | - | AN ACT |
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| 9 | | - | |
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| 10 | | - | __________________ |
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| 11 | | - | |
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| 12 | | - | IN THE COUNCIL OF THE DISTRICT OF COLUMBIA |
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| 13 | | - | |
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| 14 | | - | ___________________________ |
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| 15 | | - | |
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| 16 | | - | To amend, on a temporary basis, the Home Purchase Assistance Fund Act of 1978 to remove |
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| 17 | | - | new restrictions that are preventing prospective homeowners from using Home |
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| 18 | | - | Purchase Assistance Program funding. |
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| 19 | | - | |
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| 20 | | - | BE IT ENACTED BY THE COUNCIL DISTRICT OF COLUMBIA, That this act may |
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| 21 | | - | be cited as the “Home Purchase Assistance Program Protection Temporary Amendment Act of |
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| 22 | | - | 2024”. |
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| 23 | | - | |
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| 24 | | - | Sec. 2. Section 3a(a) of the Home Purchase Assistance Fund Act of 1978, effective July |
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| 25 | | - | 1, 2016 (D.C. Law 21-139; D.C. Official Code § 42-2602.01(a)), is amended by adding a new |
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| 26 | | - | paragraph (3) to read as follows: |
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| 27 | | - | “(3) Any applicant who received a notice of eligibility for the Program before |
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| 28 | | - | October 11, 2023, and has not already received a loan, shall be eligible to receive loans that |
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| 29 | | - | exceed 30% of the purchase price of a property or that exceed the amount of the first trust |
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| 30 | | - | mortgage.”. |
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| 31 | | - | |
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| 32 | | - | Sec. 3. Fiscal impact statement. |
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| 33 | | - | The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact |
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| 34 | | - | statement required by section 4a of the General Legislative Procedures Act of 1975, approved |
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| 35 | | - | October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). |
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| 36 | | - | |
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| 37 | | - | Sec. 4. Effective date. |
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| 38 | | - | (a) This act shall take effect following approval by the Mayor (or in the event of veto by |
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| 39 | | - | the Mayor, action by the Council to override the veto), a 30-day period of congressional review |
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| 40 | | - | as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December |
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| 41 | | - | |
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| 42 | | - | |
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| 43 | | - | |
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| 44 | | - | ENROLLED ORIGINAL |
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| 8 | + | A BILL 1 |
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| 9 | + | 2 |
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| 10 | + | 25-629 3 |
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| 11 | + | 4 |
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| 12 | + | IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 5 |
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| 13 | + | 6 |
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| 14 | + | ________________________ 7 |
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| 15 | + | 8 |
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| 16 | + | To amend, on a temporary basis, the Home Purchase Assistance Fund Act of 1978, to remove 9 |
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| 17 | + | new restrictions that are preventing prospective homeowners from using Home 10 |
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| 18 | + | Purchase Assistance Program funding. 11 |
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| 19 | + | 12 |
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| 20 | + | BE IT ENACTED BY THE COUNCIL DISTRICT OF COLUMBIA, That this act may 13 |
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| 21 | + | be cited as the “Home Purchase Assistance Program Protection Temporary Amendment Act of 14 |
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| 22 | + | 2023”. 15 |
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| 23 | + | Sec. 2. Section 3a(a) of the Home Purchase Assistance Fund Act of 1978, effective July 16 |
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| 24 | + | 1, 2016 (D.C. Law 21-139; D.C. Official Code § 42-2602.01(a)), is amended by adding a new 17 |
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| 25 | + | paragraph (3) to read as follows: 18 |
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| 26 | + | “(3) Any applicant who received a notice of eligibility for the Program before 19 |
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| 27 | + | October 11, 2023, and has not already received a loan, shall be eligible to receive loans that 20 |
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| 28 | + | exceed 30% of the purchase price of a property or that exceed the amount of the first trust 21 |
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| 29 | + | mortgage.”. 22 |
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| 30 | + | Sec. 3. Fiscal impact statement. 23 |
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| 31 | + | The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 24 ENGROSSED ORIGINAL |
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| 51 | | - | 24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of |
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| 52 | | - | Columbia Register. |
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| 53 | | - | (b) This act shall expire after 225 days of its having effect. |
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| 54 | | - | |
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| 55 | | - | |
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| 56 | | - | ______________________________ |
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| 57 | | - | Chairman |
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| 58 | | - | Council of the District of Columbia |
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| 59 | | - | |
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| 60 | | - | |
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| 61 | | - | |
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| 62 | | - | |
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| 63 | | - | |
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| 64 | | - | _________________________________ |
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| 65 | | - | Mayor |
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| 66 | | - | District of Columbia |
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| 67 | | - | |
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| 68 | | - | |
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| 69 | | - | |
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| 38 | + | statement required by section 4a of the General Legislative Procedures Act of 1975, approved 25 |
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| 39 | + | October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 26 |
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| 40 | + | Sec. 4. Effective date. 27 |
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| 41 | + | (a) This act shall take effect following approval by the Mayor (or in the event of veto by 28 |
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| 42 | + | the Mayor, action by the Council to override the veto), a 30-day period of congressional review 29 |
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| 43 | + | as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 30 |
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| 44 | + | 24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of 31 |
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| 45 | + | Columbia Register. 32 |
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| 46 | + | (b) This act shall expire after 225 days of its having effect. 33 |
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