(a) The Resale Price for a Member Share shall be as follows:
(1) For shares purchased under the Qualifying Household formula as provided in Section 1399.9(b), the Limited Equity Housing Cooperative must repurchase the Member Share and resell it to another Qualifying Household at a price not to exceed the limitations set forth in California Health and Safety Code Section 33007.5(b), provided that the Mayor's Office of Housing shall set and publish on its website the maximum inflation allowance as set forth in California Health and Safety Code Section 33007.5(b)(3).
(2) For all other Resident Members, the Limited Equity Housing Cooperative must purchase and resell their shares at a price not to exceed the limitations set forth in Health and Safety Code Section 33007.5(b).
(Added by Ord. 319-08, File No. 081513, App. 12/19/2008)