Section 42-3508.05 - Distressed property improvement plan(a) Upon petition by the housing provider, the Mayor may initiate the development of a distressed property improvement plan utilizing any or all of the mechanisms in § 42-3508.04(b). The development of the plan shall involve the participation of the housing provider, the tenants or tenants' association and may include the mortgagor.(b) A distressed property improvement plan may include, but not be limited to: (1) A schedule of repairs and capital improvements;(2) A schedule of services and facilities;(3) A schedule of rents and rent increases;(4) A schedule of mortgage payments which may reflect additional long-term loans to the housing provider for the housing accommodation;(5) A schedule of additional capital investment in the housing accommodation by the housing provider; and(6) A schedule of property tax payments, which may also reflect moratoria or deferrals on property tax payments and the abatement or deferral of up to 100% of any tax outstanding on the housing accommodation.(c) In the development of the distressed property improvement plan, the Mayor may consider: (1) The interests of tenants in achieving decent, safe, and sanitary housing at affordable rents;(2) The long-term interest of the housing provider in achieving a sound investment and a reasonable return on the housing provider's investment;(3) The long-term interest of the mortgagor in achieving a financially secure mortgage; and(4) The long-term interest of the District in achieving a decent, safe, and sanitary housing accommodation which is fiscally sound and which generates and pays its fair property tax assessment.July 17, 1985, D.C. Law 6-10, § 805, 32 DCR 3089.