(a)Proposals for large multi-family dwellings shall be considered only in accordance with the following rules of priority:
(1)A proposal from a qualified tenant association shall be considered first.
(2)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.
(3)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
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(a) Proposals for large multi-family dwellings shall be considered only in accordance with the following rules of priority:
(1) A proposal from a qualified tenant association shall be considered first.
(2) 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.
(3) 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.
(4) 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.
(b) Except in the case of rental buildings, the proprietary interests in properties sold through the Program shall be allocated as follows:
(1) No less than 25% of the proprietary interests in large multi-family dwellings shall be transferred to low- or moderate-income households.
(2) No less than 15% of the proprietary interests in large multi-family dwellings shall be transferred to low-income households.
(3) 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.
(c) 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 § 42-2104 . To the extent financially feasible, priority shall be given to purchasers who are low- or moderate-income persons.
(d) Proposals for commercial property shall be considered on a competitive basis in accordance with the following rules of priority:
(1) A proposal from a tenant or tenant association which demonstrates the ability to obtain financing shall be considered first.
(2) 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.
(3) 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.