The Council delegates to the Agency the authority of the Council under § 1- 204.90 to issue revenue bonds, notes and other obligations to borrow money to finance or assist in the financing of undertakings authorized by this chapter. An undertaking financed or assisted by the Agency shall constitute an undertaking in the area of primarily low and moderate income housing if the housing project or homeownership program complies with the income restriction, rent limitations, tenant income mixtures and other restrictions as established by the Internal Revenue Service, or the Department of Housing and Urban Development as applicable under the plan of financing determined by the Agency at the time it approves the undertaking for financing or assistance, or State or Local Government Loans or supportive programs that generate revenues which benefit programs authorized under this chapter.
Prior Codifications 1981 Ed., § 45-2116. Effect of Amendments D.C. Law 14-239 substituted "or supportive programs" for "are made". Legislative History of Laws For legislative history of D.C. Law 4-28, see Historical and Statutory Notes following § 42-2701.02. For legislative history of D.C. Law 12-247, see Historical and Statutory Notes following § 42-2701.01. For Law 14-239, see notes following § 42-2701.02. DC CODE § 42-2702.06 Current through December 11, 2012
(Mar. 3, 1979, D.C. Law 2-135, § 206, as added Aug. 5, 1981, D.C. Law 4- 28, § 2(i), 28 DCR 2848; Apr. 20, 1999, D.C. Law 12-247, § 2(f), 46 DCR 1100; Mar. 25, 2003, D.C. Law 14-239, § 2(b), 49 DCR 11162.)