(a) The owner of an assisted project shall give written notice of intent not less than 1 year and not more than 2 years before the effective date of the protected action. (b) The owner shall give the notice of intent to: (1) the chief executive officer of each political subdivision in which the assisted project is located; […]
(a) A notice of intent, other than one sent to an assisted household, shall: (1) state that the owner intends to begin or allow a protected action; (2) give enough information so that the Department can decide whether the proposed protected action will be lawful on its effective date; (3) state the expected impact of the protected action during […]
(a) An owner may not take a protected action unless the owner has provided all tenant protection assistance required by this title. (b) Before a sale or conveyance of an assisted project that is a protected action, the owner shall offer the right of first purchase in accordance with this subtitle.
(a) (1) The owner shall offer the right of first purchase by written notice to: (i) each political subdivision in which the assisted project is located; (ii) each local public housing authority; (iii) each group that represents tenants at the assisted project and has registered with the Secretary; (iv) each low-income housing developer that has registered with the Secretary and is […]
(a) In this section, “fair market value” means the price that a willing buyer would pay a willing seller, neither under any compulsion to buy or to sell, for a residential rental project, assuming: (1) the highest and best use under current zoning; and (2) no requirements to rent to low-income tenants other than the requirements of any […]
(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 […]
(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 […]
(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 […]
A right of first purchase under this subtitle may be assigned only to another party having the right of first purchase under this subtitle.
(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 […]
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 […]
(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. […]
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 […]
(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 […]
If an assisted project includes a unit occupied by a designated household and the assisted project is sold or conveyed after a protected action: (1) the provisions of this subtitle concerning extended leases continue to apply despite the sale or conveyance; (2) the new landlord shall provide each designated household with written notice of the sale or […]
(a) Along with the notice of intent, the owner shall deliver to each assisted household: (1) an application form on which the assisted household may include the information required by § 7-214(a) of this subtitle; (2) an extended lease form for a designated household that contains the terms required by this subtitle and clearly indicates that the lease […]
Within 75 days after giving the notice of intent, the owner shall provide to each party required to receive the notice of intent: (1) a notice indicating the number of units in the assisted project being made available to designated households under § 7-214(b) of this subtitle; (2) a list of the households meeting the standards of […]
(a) (1) A designated household may terminate an extended lease at any time by giving written notice to the landlord: (i) at least 1 month in advance, if less than 12 months remain on the lease; or (ii) at least 3 months in advance, if 12 months or more remain on the lease. (2) An extended lease for a designated […]
(a) This section applies if a protected action involves substantial rehabilitation or reconstruction that does not allow continued occupancy of a unit because of danger to the health and safety of the household. (b) (1) The owner shall give notice of the reconstruction or rehabilitation at least 1 year before the date when the unit must be vacated. […]
(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 […]
