424.19  Purchase of property of other limited dividend housing corporations.--Before any limited dividend housing corporation incorporated under this chapter purchases the property of any other limited dividend housing corporation, it shall file an application with the Department of Community Affairs in the manner hereinbefore provided as for a new project and shall obtain the consent of the department to the purchase and agree to be bound by the provisions of this chapter; and the department shall not give its consent unless it is shown to the satisfaction of the department that the project is one that can be successfully operated according to the provisions of this chapter.