Section 10-B3301. DISTRESS PROPERTY

 

3301.1In accordance with §103 of the Act, for purposes of eligibility to receive the benefits of this Program, a distressed property means a rental housing accommodation that meets all of the following criteria:

 

(a)Is experiencing and has experienced a negative cash flow as defined in §3399 of this chapter for the most recent two (2) years of operation and that this negative cashs flow status has directly affected the ability of the housing provider to make normal and routine repairs and scheduled improvements to the property;

 

(b)Has been cited by the Department of Consumer and Regulatory Affairs (DCRA) as being in substantial non-compliance with the Housing Regulations of the District of Columbia and that DCRA has conducted inspection(s) of the property and cited deficiencies to the property and significant deficiencies have been abated and the property has remained in non-compliance for at least the last two (2) years;

 

(c)Has been subject to deferred maintenance as defined in §3399; and

 

(d)Has been in arrears for a period of one hundred eighty (180) days or more on either permanent mortgage loan payments, property tax payments, fuel and utility payments or water and sewer fee payments.

 

source

Final Rulemaking published at 35 DCR 2541 (April 8, 1988).