Reverse Mortgage Insurance and Tax Payment Program Extension Emergency Amendment Act of 2024

This bill extends the District of Columbia Housing Finance Agency's Reverse Mortgage Insurance and Tax Payment Program for up to 90 days. It allows homeowners participating in the program to use financial assistance not just for property taxes and insurance, but also for condominium and homeowner association fees. Additionally, the program's maximum assistance limit is raised from $25,000 to $40,000, and the agency is given discretion to provide extra help if needed. These changes apply specifically to seniors using reverse mortgages and are intended to help them cover essential housing costs during this emergency period.