(a) This section applies if:
(1) none of the parties identified in § 7-204(a) of this subtitle exercises the right of first purchase;
(2) the assisted project has not been conveyed in accordance with § 7-206 of this subtitle; and
(3) the owner has not taken a protected action within 2 years after the original notice of intent.
(b) (1) Before taking a protected action, the owner shall serve another notice of intent on each party identified in § 7-201(b) of this subtitle.
(2) Before taking a protected action under § 7-102(a)(4) of this title, the owner shall serve notice of a right of first purchase as required by this subtitle.
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