<?xml version='1.0' encoding='utf-8'?>
<section heading="Montgomery County Code Chapter 25B, Article V. Workforce Housing Sec. 25B-24 Workforce Housing Program - Regulations">
  <regulation heading="Montgomery County Code Chapter 25B, Article V. Workforce Housing Sec. 25B-24 Workforce Housing Program - Regulations">
    <subsection heading="COMCOR 25B.24.01 Workforce Housing Program Regulations">
      <paragraph indent="0">INDEX</paragraph>
      <paragraph indent="1">25B.24.01.01   Definitions</paragraph>
      <paragraph indent="1">25B.24.01.02   Eligibility for Purchasing or Renting WFH Units and Occupancy Requirements</paragraph>
      <paragraph indent="3">2.1   Rental Certification</paragraph>
      <paragraph indent="3">2.2   Purchaser Certification</paragraph>
      <paragraph indent="3">2.3   Requirements for Eligibility - Income</paragraph>
      <paragraph indent="3">2.4   Special Income Exception for Conversion or Rental WFH Units to Condominiums</paragraph>
      <paragraph indent="3">2.5   Eligibility for Purchase - Restrictions on Ownership of MPDUs</paragraph>
      <paragraph indent="3">2.6   Eligibility for Purchase - Asset limit</paragraph>
      <paragraph indent="3">2.7   Primary Residence Requirement for WFH Units</paragraph>
      <paragraph indent="1">25B.24.01.03   Requirement to Provide WFH Units</paragraph>
      <paragraph indent="3">3.1   Requirements of the Agreement to Build WFH Units</paragraph>
      <paragraph indent="3">3.2   Housing Programs Which Satisfy the WFH Unit Requirement</paragraph>
      <paragraph indent="1">25B.24.01.04   Alternative Compliance Measures for Providing WFH Units</paragraph>
      <paragraph indent="3">4.1   Requesting Alternative Compliance Measures</paragraph>
      <paragraph indent="3">4.2   Approval to Provide WFH Units at an Alternative Location in the Same Planning Policy Area</paragraph>
      <paragraph indent="1">25B.24.01.05   Establishing Initial Sale and Rental Prices</paragraph>
      <paragraph indent="3">5.1   Maximum Allowable Sales Prices of WFH Units</paragraph>
      <paragraph indent="3">5.2   Maximum Rental Rates for WFH Units</paragraph>
      <paragraph indent="3">5.3   Rental WFH Units Sold as For Sale WFH Units</paragraph>
      <paragraph indent="1">25B.24.01.06   Sale and Rental Procedures</paragraph>
      <paragraph indent="3">6.1   Offering WFH Units for Sale or Rent</paragraph>
      <paragraph indent="3">6.2   Random Selection Process for WFH Unit Purchasers</paragraph>
      <paragraph indent="3">6.3   Offering WFH Units for Rent</paragraph>
      <paragraph indent="3">6.4   WFH Unit Covenants</paragraph>
      <paragraph indent="3">6.5   Sales and Rental Documentation</paragraph>
      <paragraph indent="1">25B.24.01.07   Procedures for Purchase and Rental of WFH Units by Commission</paragraph>
      <paragraph indent="3">7.1   Notifying the Commission</paragraph>
      <paragraph indent="3">7.2   Purchase Requirements</paragraph>
      <paragraph indent="1">25B.24.01.08   Resale of WFH Units During the Control Period</paragraph>
      <paragraph indent="3">8.1   Requesting a Resale Price Determination</paragraph>
      <paragraph indent="3">8.2   Establishing the Maximum Resale Price and the Amount Returned to the Seller at Resale</paragraph>
      <paragraph indent="3">8.3   Resale Procedures</paragraph>
      <paragraph indent="1">25B.24.01.09   Resale of WFH Units After the Control Period</paragraph>
      <paragraph indent="3">9.1   Seller’s Notification to the Department and the Commission</paragraph>
      <paragraph indent="3">9.2   The Department’s and the Commission’s Right to Purchase WFH Units with Expired Covenants</paragraph>
      <paragraph indent="3">9.3   Payment of Excess Proceeds to Housing Initiative Fund</paragraph>
      <paragraph indent="3">9.4   Divorce</paragraph>
      <paragraph indent="1">25B.24.01.10   Sale of WFH Unit by Foreclosure</paragraph>
      <paragraph indent="1">25B.24.01.11   Enforcement</paragraph>
    </subsection>
  </regulation>
</section>