Community Development Opportunities - Page 3
DHCD improves the District's communities with grant programs, training sessions, and financial and manpower resources for emergency shelters, enterprise community development, and housing programs for elderly, disabled, and low and moderate income individuals. For information on any of these programs, Ask the Director or call (202) 442-7200.
Multi-Family Housing Rehabilitation Loan Program
The Multi-Family Housing Rehabilitation Loan program is a source of low-cost interim construction financing and permanent financing for the rehabilitation of residential properties that contain five or more units. The program focuses on stimulating and leveraging private investment and financing in the rehabilitation of multi-family housing that is affordable to lower income residents. The program can assist either rental housing or low-income cooperative housing.
Tenant Purchase Technical Assistance Program
The Tenant Purchase Technical Assistance program provides technical service assistance to nonprofit organizations that provide legal counseling, loan packaging, and other services to low and moderate-income tenant groups that try to purchase their existing housing units and convert the units into tenant-owned cooperatives and condominiums. The program also provides housing management assistance to recently formed low and moderate-income cooperatives and condominium associations.
 
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