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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A property disposed of pursuant to this subchapter shall be disposed of pursuant to a request for proposals (“RFP”) issued by the Mayor.
(b) A single-household property disposed of pursuant to this subchapter shall be disposed of as part of a bundle of at least 5 properties and not more than 25 properties. A property improved as a multi-household property containing at least 5 single-household dwelling units and no more than 25 single-household dwelling units may be disposed of individually or as part of a bundle of up to 25 properties.
(c) At least 30% of all single-household dwelling units, irrespective of whether they are single-household dwelling units contained in a multi-household property or in a single-household property, in each bundle of property disposed of pursuant to an RFP, or such greater proportion determined by the Mayor, shall be sold or rented at a price affordable to a household earning 60% or less of the area median income. If the number representing 30% of the single-household dwelling units is not a whole a number, the Mayor may round to the next lower whole number.
(d) Each property shall be disposed of on an as-is basis.
Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 10-832. Method of disposition. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-10-832/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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