District Of Columbia § 42-2106 - Program guidelines.
Full text of District Of Columbia D.C. Code § 42-2106 — Program guidelines., with citation guidance and answers to common questions.
§ 42-2106. Program guidelines.
42-2106Proposals for large multi-family dwellings shall be considered only in accordance with the following rules of priority:
A proposal from a qualified tenant association shall be considered first.
If there is no proposal from a qualified tenant association or if the proposal does not meet criteria set forth in the RFP and rules promulgated pursuant to this chapter, proposals from condominium and cooperative housing associations shall be considered next.
If there are no proposals from condominium and cooperative housing associations or if the proposals do not meet criteria set forth in the RFP and rules promulgated pursuant to this chapter, proposals from nonprofit developers, and for-profit developers who agree to make 100% of the units affordable to low- and moderate-income persons with no less than 50% of the units affordable to low-income persons, for the development of condominium and cooperative housing opportunities shall be considered next.
If there are no proposals for the development of condominium or cooperative housing, proposals for the development of rental housing for low-income persons shall be considered next.
Except in the case of rental buildings, the proprietary interests in properties sold through the Program shall be allocated as follows:
No less than 25% of the proprietary interests in large multi-family dwellings shall be transferred to low- or moderate-income households.
No less than 15% of the proprietary interests in large multi-family dwellings shall be transferred to low-income households.
No less than 50% of the dwelling units and proprietary interests in large multi-family, small multi-family, and single-family properties each year shall be transferred to low- or moderate-income families.
Proposals for single-family and small multi-family dwellings may be considered in accordance with standards developed by the Mayor and approved by the Council pursuant to . To the extent financially feasible, priority shall be given to purchasers who are low- or moderate-income persons.
Proposals for commercial property shall be considered on a competitive basis in accordance with the following rules of priority:
A proposal from a tenant or tenant association which demonstrates the ability to obtain financing shall be considered first.
If there is no proposal from a qualified tenant or tenant association, or if the proposal does not meet criteria set forth in the RFP and rules promulgated pursuant to this chapter, proposals from condominium or cooperative associations and nonprofit developers which demonstrate the ability to obtain financing shall be considered next.
If there is no proposal from a condominium or cooperative association or nonprofit developer, or if the proposal does not meet criteria set forth in the RFP and rules promulgated pursuant to this chapter, proposals from proprietary developers shall be considered next.
Annotations
Frequently Asked Questions About District Of Columbia § 42-2106
What does D.C. Code § 42-2106 cover?
Section 42-2106 ("Program guidelines.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 42-2106?
A common citation format is "D.C. Code § 42-2106" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 42-2106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.