Membership.

(a) The composition of the Advisory Council shall be as follows: (1) Up to 6 resident-owner representatives, each of whom who is currently a board member of an LEC in the District; provided, that no 2 residents shall be from the board of the same LEC; (2) Two representatives from a community-based organization, including: (A) One of whom has experience in the formation of LECs, including the legal and organizational structure of the LEC; and (B) One of whom has experience in ongoing technical assistance required to sustain LECs; (3) One representative from a property management company that manages cooperatives in the District; (4) One representative from a development company that develops cooperatives in the District; (5) One representative from a financial entity that specializes in the financing of LECs; (6) One attorney who has experience working with LECs; (7) One individual who has conducted significant academic research on LECs in the District and elsewhere in the United States; (8) Other representatives appointed by the Chairperson of the Council committee responsible for housing issues; (9) One representative from the Department of Housing and Community Development ("DHCD"); and (10) One representative from the District of Columbia Housing Finance Agency. (b) The Chairperson of the Council committee responsible for housing issues shall appoint the: (1) Chair of the Advisory Council; and (2) Advisory Council representatives designated in subsection (a)(1) through (8) of this section. (c) The members of the Advisory Council shall: (1) Serve for a period of 2 years; (2) Either reside or work in the District; and (3) Serve without compensation. (d) Meetings of the Advisory Council shall be open to the public. (e) The Advisory Council shall meet at least 6 times each year. (f) The Advisory Council may request administrative support from the Director of DHCD, who shall provide support as the Director of DHCD and not as a member of the Advisory Council for all such reasonable requests to prepare for the required reports and meetings of the Advisory Council.