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Inclusionary Unit and Affordable Dwelling Unit Resale Price Request - Washington, D.C.
Inclusionary Unit and Affordable Dwelling Unit Resale Price Request is a legal document that was released by the Washington DC Department of Housing and Community Development - a government authority operating within Washington, D.C..
FAQ
Q: What is an Inclusionary Unit?
A: An Inclusionary Unit is a housing unit that is set aside in a new development project for low-to-moderate income households.
Q: What is an Affordable Dwelling Unit (ADU)?
A: An Affordable Dwelling Unit (ADU) is a housing unit that is priced to be affordable for low-to-moderate income households.
Q: What is the resale price request for an ADU?
A: The resale price request is the maximum price at which an ADU can be sold or rented in the future.
Q: What is the purpose of the resale price request?
A: The purpose of the resale price request is to ensure that the ADUs remain affordable for future low-to-moderate income households.
Q: Who determines the resale price request for an ADU?
A: The resale price request is determined by the local government or housing agency based on specific affordability guidelines.
Q: How does the resale price request affect the sale of an ADU?
A: The resale price request sets a maximum price that an ADU can be sold for, ensuring that it remains affordable for future buyers or renters.
Q: Is the resale price request for an ADU fixed forever?
A: No, the resale price request may be adjusted periodically based on changes in the housing market and affordability guidelines.
Q: Can an ADU owner sell their unit at a higher price than the resale price request?
A: No, the ADU owner must sell or rent the unit at or below the resale price request to maintain its affordability.
Form Details:
- Released on August 30, 2021;
- The latest edition currently provided by the Washington DC Department of Housing and Community Development;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Washington DC Department of Housing and Community Development.
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