Rolling / unspecified deadlineMaryland

Right of First Refusal (ROFR) Program

Montgomery County's Right of First Refusal (ROFR) program requires that before an owner sells a multifamily rental housing development of 4 or more units, the County, the Housing Opportunities Commission (HOC), or a certified tenant organization (in that order) must be offered the opportunity to purchase the property. Offered by Montgomery County Department of Housing and Community Affairs.

Key Facts

Funder
Montgomery County Department of Housing and Community Affairs
Award amount
Not specified by funder
Deadline
Rolling / not specified
Geography
Maryland
Categories
Community Development
Status
Open

About This Grant

Montgomery County's Right of First Refusal (ROFR) program requires that before an owner sells a multifamily rental housing development of 4 or more units, the County, the Housing Opportunities Commission (HOC), or a certified tenant organization (in that order) must be offered the opportunity to purchase the property. The County may also assign its right of first refusal to qualified affordable housing developers who must agree to restrictions including tenant protections and rent increase...

Full requirements and application instructions: official listing.

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