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§ 42-3404-36 — District of Columbia Law | CourtGPT
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  4. Title 42 - Real Property/
  5. Chapter 34 - Rental Housing Conversion and Salesub/
  6. Subchapter Iv-a - District’s Opportunity to Purchase§ 42–3404.31. District’s Opportunity to Purchase Certain Housing Accommodations/
  7. § 42-3404-36
District of Columbia Legal Code

§ 42-3404-36

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36. Assignment of District rights. 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.) Section References This section is referenced in § 42-3404.31.