Affordable for Sale Housing Notice of Intent to Sell - City of San Diego, California

Affordable for Sale Housing Notice of Intent to Sell is a legal document that was released by the Housing Commission - City of San Diego, California - a government authority operating within California. The form may be used strictly within City of San Diego.

FAQ

Q: What is the Affordable for Sale Housing Notice of Intent to Sell?A: The Affordable for Sale Housing Notice of Intent to Sell is a notification required by the City of San Diego, California when a property owner intends to sell a property that was previously designated as affordable for sale housing.

Q: Who is required to submit the Affordable for Sale Housing Notice of Intent to Sell?A: Property owners who own a property that was previously designated as affordable for sale housing in the City of San Diego, California are required to submit this notice.

Q: Why is the Affordable for Sale Housing Notice of Intent to Sell required?A: The notice is required to ensure that the City of San Diego has an opportunity to exercise its right of first refusal to purchase the property and keep it as affordable housing.

Q: What happens if the City of San Diego exercises its right of first refusal?A: If the City exercises its right of first refusal, it will purchase the property at a fair market value and maintain it as affordable housing.

Q: How should the Affordable for Sale Housing Notice of Intent to Sell be submitted?A: The notice should be submitted to the Office of the City Attorney, Real Estate Division in the City of San Diego, California.

Q: What information is required in the Affordable for Sale Housing Notice of Intent to Sell?A: The notice must include the property address, owner's contact information, and a statement of the owner's intent to sell.

Q: What is the deadline for submitting the Affordable for Sale Housing Notice of Intent to Sell?A: The notice must be submitted at least 45 days before the owner intends to enter into a contract to sell the property.