§ 42-3404.36. Assignment of District rights.

Current through October 23, 2012

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.

                
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(Sept. 10, 1980, D.C. Law 3-86, § 436, 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.