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.
CREDIT(S)
(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.