Section 7-220 – Rental Housing Emergency
(a) (1) After notice and public hearing, a political subdivision may find that, because of a protected action, a low-income and moderate-income rental housing emergency exists in all or part of its jurisdiction. (2) The political subdivision shall make findings as to: (i) the nature and incidence of protected actions; (ii) the resulting hardship to and displacement of tenants; and […]
Section 7-206 – Sale or Conveyance if Owner’s Offer Is Not Accepted
(a) This section applies if the owner’s offer is not accepted and the acceptance period under § 7-205(c) of this subtitle has expired. (b) The owner may sell or convey the assisted project to any person on terms and conditions not more favorable to the purchaser than those of the owner’s offer. (c) The owner may sell or […]
Section 7-207 – Additional Required Notices
(a) This section applies if: (1) none of the parties identified in § 7-204(a) of this subtitle exercises the right of first purchase; (2) the assisted project has not been conveyed in accordance with § 7-206 of this subtitle; and (3) the owner has not taken a protected action within 2 years after the original notice of intent. (b) (1) Before […]
Section 7-208 – Covenants as to Use of Property
(a) At the settlement for an assisted project under a right of first purchase, the purchaser shall execute and record, in a form that the Secretary approves, a covenant running with the land. (b) The covenant shall restrict the use of all assisted units to residential rental property for assisted households, or to some other purpose approved […]
Section 7-209 – Right of First Purchase — Assignment
A right of first purchase under this subtitle may be assigned only to another party having the right of first purchase under this subtitle.
Section 7-210 – Right of First Purchase — Political Subdivisions and Housing Authorities
(a) A political subdivision or a housing authority may exercise a right of first purchase under this subtitle and may develop, acquire, improve, own, operate, and manage a rental housing project acquired under the right of first purchase and do all things necessary or convenient to exercise these rights. (b) In any rental housing project purchased under […]
Section 7-211 – Right of First Purchase — No Application to Plan of Action
The right of first purchase under this subtitle does not apply to the prepayment of a mortgage and sale of an assisted project if the prepayment and sale are done under a plan of action approved by the Secretary of Housing and Urban Development under § 225 of the Housing and Community Development Act of […]
Section 7-212 – Tenant Protection Assistance
(a) An owner that gives notice of intent shall provide tenant protection assistance under subsection (b) of this section unless: (1) the owner has offered the right of first purchase in accordance with this subtitle; and (2) the assisted project is purchased by a party listed in § 7-204(a) of this subtitle in conjunction with a protected action. […]
Section 7-213 – Designated Household
An assisted household is a designated household if it includes: (1) an individual who has been a member of the household for at least 12 months before the notice of intent is given and who: (i) is at least 62 years old on the day that the notice of intent is given; or (ii) qualifies as a person […]
Section 7-214 – Extended Leases for Designated Households — in General
(a) (1) This subsection applies if a protected action affects a unit occupied by a designated household that: (i) is current in its rent and has not violated any other material term of the lease; (ii) within 60 days after the giving of the notice of intent, provides the owner with written notice showing that the household qualifies as […]