Assignment of District rights.
The Mayor may assign the opportunity to purchase provided under this subchapter to a person that: 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 Agrees to obligate itself and any successors in interest to maintain the affordability of the assisted housing development as required by § 42-3404.33.
Annotations
Sept. 10, 1980, D.C. Law 3-86, § 436 as added Dec. 24, 2008, D.C. Law 17-286, § 2, 55 DCR 11989 This section is referenced in § 42-3404.31.
Sourced from the DC Council Open Law Library (public domain).
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