§ 42-3404.32. Limitations on the District's opportunity to purchase.

Current through October 23, 2012

(a) The District's opportunity to purchase shall be subordinate to the right of a tenant.

(b) To exercise its right under this subchapter, the Mayor shall provide a written statement of interest to the owner and tenant within 30 days of the Mayor's receipt of the copy of offer of sale required by § 42-3404.03.

(c)(1) The Mayor shall not exercise the opportunity to purchase provided by this subchapter unless at least 25% of the rental units in the housing accommodation are affordable units.

(2) For the purposes of this subsection, the term "affordable unit" means a rental unit in a housing accommodation for which the existing monthly rent, including utilities, paid by the tenant is equal to or less than 30% of the monthly income of a household with an income of 50% of the area median income, as set forth in the periodic calculation provided by the United States Department of Housing and Urban Development, adjusted for the household size.

                
                    var val = document.getElementById('citecontent').innerHTML;
                    art.dialog.defaults.title = window.location.href;
                    art.dialog.data('cite', val);
                    art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                    art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');

(Sept. 10, 1980, D.C. Law 3-86, § 432, as added Dec. 24, 2008, D.C. Law 17-286, § 2, 55 DCR 11989.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 17-286, see notes following § 42-3404.31.