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Sacramento

Owners of federally-assisted housing are required by law (SACRAMENTO, CAL., CODE §§ 5.148.010-100) to submit one-year and six-month notices to affected tenants and the Sacramento Housing and Redevelopment Agency (SHRA) in order to terminate, opt-out or prepay. In all such cases, owners may not evict tenants except for good cause for 180 days after the expiration of rental restrictions if the SHRA has arranged for payments of the monthly subsidy that the owner had been receiving. During the 180 days following the one-year notice, an owner may not sell to or solicit offers from non-qualified entities. During the second 180-day period, an owner may negotiate with any potential purchaser, but any sales agreement is made contingent upon qualified entities right of first refusal. Any such contingent agreement must be immediately provided to the SHRA which in turn must make it available to qualified entities. These entities then have 60 days to offer to purchase the property on terms that are economically substantially identical—if no such offer is made, the owner may sell the property pursuant to the terms of the original agreement. Any aggrieved person may enforce the provisions of this law.

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