§ 7-109.  Initial Sale to Eligible Households.
   (1)   Every affordable dwelling unit required under this Chapter shall be sold or rented only to eligible households, for the buyer or renter's primary residence. One-half of such sales or rentals shall be to families (or households headed by Life Partners) with incomes at or below eighty percent (80%) of AMI and the median income of such families shall be forty percent (40%) of AMI; and one-half of such sales or rentals shall be to families with incomes at or below one hundred twenty-five percent (125%) of AMI and the median income of such families shall be equal to AMI. 4
   (2)   An applicant shall not sell or rent any affordable dwelling unit without first obtaining from the buyer or renter a verification of eligibility issued by the Director.

 

Notes

4
   Amended, Bill No. 130224 (approved May 8, 2013).