D.C. Code § 42-2067.03: Membership.
Where this section sits in the code
- Title 42. Real Property.
- Chapter 20A. Limited-Equity Cooperative Task Force.
- Subchapter II. Limited Equity Cooperative Advisory Council Act.
(a)
The composition of the Advisory Council shall be as follows:
(1)
Up to 6 resident-owner representatives, each of whom who is currently a board member of an LEC in the District; provided, that no 2 residents shall be from the board of the same LEC;
(2)
Two representatives from a community-based organization, including:
(A)
One of whom has experience in the formation of LECs, including the legal and organizational structure of the LEC; and
(B)
One of whom has experience in ongoing technical assistance required to sustain LECs;
(3)
One representative from a property management company that manages cooperatives in the District;
(4)
One representative from a development company that develops cooperatives in the District;
(5)
One representative from a financial entity that specializes in the financing of LECs;
(6)
One attorney who has experience working with LECs;
(7)
One individual who has conducted significant academic research on LECs in the District and elsewhere in the United States;
(8)
Other representatives appointed by the Chairperson of the Council committee responsible for housing issues;
(9)
Development ("DHCD"); and
(10)
One representative from the District of Columbia Housing Finance Agency.
(b)
The Chairperson of the Council committee responsible for housing issues shall appoint the:
(1)
Chair of the Advisory Council; and
(2)
Advisory Council representatives designated in subsection (a)(1) through (8) of this section.
(c)
The members of the Advisory Council shall:
(1)
Serve for a period of 2 years;
(2)
Either reside or work in the District; and
(3)
Serve without compensation.
(d)
Meetings of the Advisory Council shall be open to the public.
(e)
The Advisory Council shall meet at least 6 times each year.
(f)
The Advisory Council may request administrative support from the Director of DHCD, who shall provide support as the Director of DHCD and not as a member of the Advisory Council for all such reasonable requests to prepare for the required reports and meetings of the Advisory Council.
Collected 2026-08-29T05:44:07Z. Source file · JSON