Once the control period has expired, can the owner sell to whomever they want to?
The City has a right of first refusal and must be offered the affordable unit home at a fair market price during the first 30 days. If after that time the City does not make an offer to purchase the unit, the owner can sell it to anyone. However, the excess profit must be shared if the sale meets the condition described above.
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- Once the control period has expired, can the owner sell to whomever they want to?
