(a) A political subdivision or a housing authority may exercise a right of first purchase under this subtitle and may develop, acquire, improve, own, operate, and manage a rental housing project acquired under the right of first purchase and do all things necessary or convenient to exercise these rights.
(b) In any rental housing project purchased under a right of first purchase under this subtitle and owned or managed by a housing authority authorized under Division II of this article, this subtitle supersedes:
(1) §§ 12-401, 12-402, and 12-405 of this article; and
(2) all otherwise applicable restrictions on tenant income under Division II of this article.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 7 - Assisted Housing Preservation Act
Subtitle 2 - Protected Actions
Section 7-201 - Notice of Intent -- Required
Section 7-202 - Notice of Intent -- Contents
Section 7-203 - Prerequisites for Taking Protected Action
Section 7-204 - Right of First Purchase -- Offer
Section 7-205 - Right of First Purchase -- Terms; Appraisal; Price Adjustment
Section 7-206 - Sale or Conveyance if Owner's Offer Is Not Accepted
Section 7-207 - Additional Required Notices
Section 7-208 - Covenants as to Use of Property
Section 7-209 - Right of First Purchase -- Assignment
Section 7-210 - Right of First Purchase -- Political Subdivisions and Housing Authorities
Section 7-211 - Right of First Purchase -- No Application to Plan of Action
Section 7-212 - Tenant Protection Assistance
Section 7-213 - Designated Household
Section 7-214 - Extended Leases for Designated Households -- in General
Section 7-215 - Extended Leases for Designated Households -- Sale or Conveyance of Assisted Project
Section 7-216 - Extended Leases for Designated Households -- Application
Section 7-217 - Extended Leases for Designated Households -- Additional Notice
Section 7-218 - Termination by Designated Household