(a) In addition to the assistance provided in § 42-2504(b-1) and § 42-2505, the Department shall make available a grant of up to $10,000 to provide financial assistance for the purchase of a housing unit to each first-responder who is a Participant.
(b) In order to receive financial assistance for the purchase of a housing unit under this section, a first-responder Participant must agree to a 5-year service obligation, which shall begin at the date of settlement on the purchase of the housing unit, or, if the first-responder Participant is not yet a District employee on the date of settlement, on the first-responder's first day of employment with the District.
(c) The grant shall convert into a loan to be repaid by the Participant if:
(1) Within 5 years after the date of settlement on the purchase of the housing unit, the housing unit is sold, transferred, or ceases to be the principal residence of the first-responder Participant; or
(2) The first-responder Participant does not complete the 5-year service obligation required by subsection (b) of this section.
For temporary (90-day) creation of this section, see § 2012(f) of the Fiscal Year 2018 Budget Support Congressional Review Emergency Act of 2017, effective October 24, 2017 (D.C. Act 22-167; 64 DCR 10802).