Affordable Housing.
The low income units upon resale may be sold to low income persons and moderate income units may be sold to low or moderate income purchasers. If, however, no low income purchaser is found within two months, the low income units may be sold to a moderate income purchaser or if none is available, to any interested purchaser. |
If no moderate income purchaser is found for a moderate income unit within six months, the unit may be sold to any purchaser. Regardless of the income of the purchaser, the resale controls shall remain in effect for subsequent resales. |
Affordable Housing.
The low income units upon resale may be sold to low income persons and moderate income units may be sold to low or moderate income purchasers. If, however, no low income purchaser is found within two months, the low income units may be sold to a moderate income purchaser or if none is available, to any interested purchaser. |
If no moderate income purchaser is found for a moderate income unit within six months, the unit may be sold to any purchaser. Regardless of the income of the purchaser, the resale controls shall remain in effect for subsequent resales. |