(a) Pursuant to the Notice as specified in section 1750.4 of this Part, the housing company shall conduct at least one public informational meeting with the residents and their representatives.

(b) Such public meeting shall be scheduled to commence not earlier than 6 p.m. nor later than 8 p.m., Monday through Friday, exclusive of legal holidays, unless the residents by written petition representing not less than 50 percent of the apartments, agree to another day or time. The site of the public meeting shall be on the premises of the housing development unless, for good cause shown, the owner shall designate another location near or adjacent to the premises, subject to the approval of the division.

(c) The public informational meeting shall be conducted by the housing company and shall be attended by the commissioner or the commissioner's designee. After presentation of the information specified in section 1750.4(d) of this Part, the housing company shall permit comments and questions to be heard from any persons in attendance.

(d) Upon conclusion of the public informational meeting, the housing company shall submit an affidavit certifying to the division to the effect that the meeting has been held pursuant to the requirements set forth in this section.

(e) Such public meeting shall be continued by the housing company or upon the direction of the division until reasonable responses to valid questions of the tenants have been provided by the housing company.