This section authorizes the transfer of development rights from a qualifying rehabilitation project within the C-4 District to a receiving zone or lot established pursuant to § 1709.
A rehabilitation project within the C-4 District that provides for the construction of new apartment house use on-site shall qualify to earn transferable development rights, provided the project:
In order to convey the transferable development rights provided for in this section, the owner of the building shall execute, file, and record an instrument of transfer as provided in § 1709.
Up to one-half (1/2) of the total number of transferable development rights generated by a qualifying rehabilitation project shall vest and may be transferred upon the owner's certification in writing and the Zoning Administrator's concurrence that fifty percent (50%) of the rehabilitation of the landmark or contributing building is complete and constructed in a manner consistent with the building permit for the project.
The remainder of the total number of transferable development rights generated by a qualifying rehabilitation project shall vest and may be transferred after the owner obtains written certification from the Historic Preservation Division of the completion, consistent with the building permit, of the landmark or contributing building.
D.C. Mun. Regs. tit. 11, r. 11-755