The city imposes certain resale and occupancy restrictions on the MPDUs when the completed units are sold. The MPDU is subject to resale price controls and owner occupancy requirements. The occupancy period means the time a MPDU is subject to resale price controls and owner occupancy requirements. The occupancy period is 30 years and begins on the date of initial sale. If an MPDU is sold to an eligible person within 30 years after its initial sale, the unit must be treated as a new MPDU and a new occupancy period must begin on the date of the sale.
The price for which the unit can be resold is controlled during this period, and the unit must be resold through the MPDU program to another MPDU certificate holder. The MPDU must be owner-occupied throughout the applicable occupancy period, and when the owner sells the unit for the first time after the 30-year occupancy period ends, it may be sold at a market price. Any excess profit is kept by the owner of the MPDU.