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This form is required to notify the CD Office about an IZ unit sale and must be submitted at least 30 days before closing. It collects necessary details regarding the buyer, the property, and the
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How to fill out iz unit sale notification
How to fill out IZ Unit Sale Notification Form for CD Office
01
Obtain the IZ Unit Sale Notification Form from the CD Office website or office.
02
Fill in your personal details including name, address, and contact information.
03
Provide details of the unit being sold, including the address and any relevant identifiers.
04
Indicate the sale price and terms of the sale.
05
Include information about the buyer, such as their name and contact information.
06
Review the form for completeness and accuracy.
07
Sign and date the form where indicated.
08
Submit the completed form to the CD Office, either in person or electronically if allowed.
Who needs IZ Unit Sale Notification Form for CD Office?
01
Individuals or entities planning to sell an Inclusionary Zoning (IZ) unit.
02
Real estate professionals representing clients selling IZ units.
03
Agencies involved in the oversight or management of IZ properties.
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People Also Ask about
How do you qualify for affordable housing in Washington?
You must have an annual household income at or below 80 percent of the area median income (AMI). You receive waiting list preference with income at or below 30 percent of AMI.
How to qualify for an apartment in DC?
Your monthly income must be at least two-and-one-half times the monthly rent of the unit for which you are applying. If you have been a full-time student at any time within the past year we may require you to have your lease guaranteed by a co-signer. If you are unemployed, you must provide proof of a source of income.
What are the requirements for affordable housing in DC?
Households must have at least one person per bedroom. Your housing costs may not be more than half (50%) of your income (before taxes). You cannot be enrolled in a full-time college or university program. You must live in the home as your primary residence.
Does DC have a housing lottery?
Inclusionary Zoning Affordable Housing Lottery (IZ) About: Renters and homeowners meeting specific income restrictions are eligible to enter a lottery to be placed in affordable rental or for-sale units.
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What is IZ Unit Sale Notification Form for CD Office?
The IZ Unit Sale Notification Form is a document used to notify the CD Office of the sale of Inclusionary Zone (IZ) units, which are units designated for affordable housing under local regulations.
Who is required to file IZ Unit Sale Notification Form for CD Office?
Developers and property owners who sell IZ units are required to file the IZ Unit Sale Notification Form with the CD Office to ensure compliance with affordable housing laws.
How to fill out IZ Unit Sale Notification Form for CD Office?
To fill out the IZ Unit Sale Notification Form, one must provide details such as the property's address, the seller's information, the buyer's information, and specifics about the IZ units being sold, including pricing and square footage.
What is the purpose of IZ Unit Sale Notification Form for CD Office?
The purpose of the IZ Unit Sale Notification Form is to track the sale of affordable housing units, ensure compliance with housing regulations, and assist in preserving affordable housing stock in the community.
What information must be reported on IZ Unit Sale Notification Form for CD Office?
The information that must be reported includes the seller's name, buyer's name, property address, unit details (number, size, and sale price), and any applicable affordable housing agreements or restrictions.
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