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