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Current as of January 01, 2024 | Updated by Findlaw Staff
No later than April 1 of each fiscal year, the Mayor shall transmit to the Council a Housing Production Trust Fund Annual Report. The report shall include the following information:
(1) The amount of money expended from the Housing Production Trust Fund during the prior fiscal year;
(2) The number of loans and grants legally obligated during the prior fiscal year;
(3) The number of low-income, very low-income, and extremely low-income households and individuals assisted through Fund legal obligations;
(4) A list of each project on which funds from the Fund were legally obligated, including, for each project:
(A) A brief description of the project, including the name of the project sponsor;
(B) The amount of money legally obligated to the project;
(C) Whether the money was legally obligated in the form of a loan or a grant; and
(D) The general terms of the loan or grant;
(5) The amount and percentage of funds legally obligated to homeownership projects;
(6) The amount and percentage of funds legally obligated to rental housing projects;
(7) The amount and percentage of funds legally obligated to rental housing or homeownership opportunities for households with incomes at or below 30% of the area median income;
(8) The amount and percentage of funds legally obligated to rental housing or homeownership opportunities for households with incomes at or below 50% of the area median income;
(9) The amount and percentage of funds legally obligated to rental housing or homeownership opportunities for households with incomes at or below 80% of the area median income;
(10) The number of housing units assisted, including the number of rental housing units assisted and the number of homeownership units assisted; and
(11) The amount expended on administrative costs during the prior fiscal year.
Cite this article: FindLaw.com - District of Columbia Code Division VII. Property. § 42-2803.01. Annual report by Mayor. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vii-property/dc-code-sect-42-2803-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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