The Mayor may assign the opportunity to purchase provided under this subchapter to a person that:
(1) Demonstrates the capacity to own and manage, either by itself or through a management agent, the housing accommodation and related facilities for the remaining useful life of the housing accommodation; and
(2) Agrees to obligate itself and any successors in interest to maintain the affordability of the assisted housing development as required by § 42-3404.33.
(Sept. 10, 1980, D.C. Law 3-86, § 436; as added Dec. 24, 2008, D.C. Law 17-286, § 2, 55 DCR 11989.)
This section is referenced in § 42-3404.31.
Structure District of Columbia Code
Chapter 34 - Rental Housing Conversion and Sale
Subchapter IV-A - District’s Opportunity to Purchase
§ 42–3404.31. District’s opportunity to purchase certain housing accommodations
§ 42–3404.32. Limitations on the District’s opportunity to purchase
§ 42–3404.33. Limitations on the District as purchaser of a housing accommodation
§ 42–3404.34. Procedure for District to effectuate purchase
§ 42–3404.35. Rights of tenants not abrogated