(a) Each prospective buyer of a Member Share subject to this Article 11 must register with the Mayor's Office of Housing and provide sufficient documentation of income to determine whether the tenant's household constitutes a Qualifying Household.
(b) The Mayor's Office of Housing shall verify the income information provided and shall issue a Certificate of Income Verification ("Income Certificate") which shall indicate whether the tenant is a member of a Qualify Household. The Mayor's Office of Housing shall promulgate rules and regulations regarding the process of determining whether a household qualifies as a Qualifying Household.
(c) The Mayor's Office of Housing shall provide an Income Certificate to the buyer within 7 days of receipt of the information required by Section 1399.16.(b).
(Added by Ord. 319-08, File No. 081513, App. 12/19/2008)