County Right of First Refusal Program: Multifamily Rental Properties

 
PROGRAM OVERVIEW

In 2013, the Prince George’s County Council passed CB 27-2013 which created the Right of First Refusal Program to expand the availability of affordable rental housing in the County. On October 6, 2015, the County Council adopted CR-51-2015 which provided that the ROFR Program shall apply to all areas of Prince George’s County.

The ROFR Program is overseen and implemented by the Prince George’s County Department of Housing and Community Development (“DHCD”) and is detailed in Prince George’s County Code 13-1110 et. seq. (the “Code”). Additionally, the County adopted regulations to implement the ROFR Program.

Among other requirements, the Code provides that a Property Owner that seeks to sell a multifamily rental facility that consists of 20 or more dwelling rental units must provide written notice of the sale to the Director of DHCD after the owner enters into a bona fide contract of sale to sell the multifamily rental facility. DHCD is authorized under the Code to exercise its ROFR rights and purchase the property (or assign its rights to purchase the property to a third-party) in accordance with the timeframes and terms of the Code.

NOTICE TO ALL APARTMENT AND MULTIFAMILY RENTAL FACILITY OWNERS

The Prince George's County Department of Housing and Community Development has authority pursuant to Sec. 13-1119 of the Prince George's County Code to promulgate and amend, as deemed necessary, regulations to govern the right of first refusal ("ROFR") for Prince George's County, Maryland ("County") to buy multifamily rental facilities as a means of revitalization and to preserve housing opportunities for low- to moderate income households and in the County.

Due to Coronavirus outbreak, the Department of Housing and Community Development, located at 9200 Basil Court, Largo, MD, 20774 is closed to the public but open for business via phone, internet and e-mail.  All Right of First Refusal (ROFR) offers should be submitted electronically by e-mail to Ms. Lynda S. Taylor, Administrative Aide III, at lstaylor@co.pg.md.us and Ms. Kiara Jones, Administrative Aide at: KKJones@co.pg.md.us

For questions, regarding the ROFR process, please contact Mrs. Pamela A. Wilson, Housing Development Program Manager, at 301-883-5551 or pawilson@co.pg.md.us. Thank you.


  
  
   

Related Documents