(a) The National Capital Housing Authority (hereinafter referred to as the “Authority”) established under §§ 6-101.01 to 6-102.05 shall be an agency of the District of Columbia government subject to the organizational and reorganizational powers specified in §§ 1-204.04(b) and 1-204.22(12).
(b) All functions, powers, and duties of the President under §§ 6-101.01 to 6-102.05 shall be vested in and exercised by the Mayor. All employees, property (real and personal), and unexpended balances (available or to be made available) of appropriations, allocations, and all other funds, and assets and liabilities of the Authority are authorized to be transferred to the District of Columbia government.