Section 14-2701. TENANT ASSOCIATIONS

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2701.1Tenant Associations applying for First Right Purchase Assistance to form cooperatives or condominiums shall be subject to the requirements of this section.

2701.2Loans shall be made available on a District-wide basis. Priority shall be given to tenant associations applying for assistance to convert buildings located in designated Community Development Areas.

2701.3Loans shall be made only to tenant associations where no less than fifty percent (50%) of the member households meet the low-moderate income definition set forth in § 2799.

2701.4Loans shall be made only to tenant associations whose members meet the criterion for displacee households as set forth in section 2799.

2701.5Assistance shall be made only to tenant associations whose membership consists of more than fifty percent (50%) of the resident tenant households in the property to be acquired.

source

Notice of Final Rulemaking published at 28 DCR 903, 905 (February 27, 1981); as amended by Notice of Final Rulemaking published at 30 DCR 811, 812-813 (February 13, 1983).

                    
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