Md. Code Regs. 05.10.03.01

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.10.03.01 - General

A. Each property owner who takes or intends to take a protected action shall send written notices of intent that comply with the requirements of §§7-201 and 7-202 of the Act and these Regulations.

B. The purpose of providing notices of intent is to:

(1) Inform appropriate government agencies of the proposed action, and its possible impact on the tenants, and the local stock of affordable housing;

(2) Provide the Department with information to determine if the proposed action is legally permissible;

(3) Inform assisted households of the proposed actions and their rights in the event federal assistance is discontinued; and

(4) If the project is to be sold, afford other parties the opportunity to exercise a right of first purchase in accordance with §§7-204 -7-211 of the Act.

Md. Code Regs. 05.10.03.01