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DCD says lease-to-own program cannot continue in current form under new statute; existing tenants can remain

3140120 · April 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Department of City Development staff told the committee the city must end the lease-to-own program as it currently operates because the new state law changes disposition rules; tenants currently occupying program properties may remain as long as they pay rent and are advised to seek preapproval if they intend to repurchase.

Deborah McCollum Gathing, residential property disposition manager for the Department of City Development, told the Judiciary and Legislation Committee that the city’s lease-to-own program cannot operate in its current form under the new state statute…

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