Compliance with Low-Income Housing Tax Credit Requirements. Nothing in this Agreement shall modify or affect any agreement to set-aside units in the Project that the Owner has made or may make with the LHC in any application for low-income housing tax credits under the Code with respect to such tax credits or in any Extended Low Income Housing Agreement executed or to be executed in connection therewith. In the event of any conflict, the QAP, the Program and this Agreement shall control with respect to the requirements of the Program, and Section 42 of the Code and any such Extended Low Income Housing Agreement shall control with respect to the requirements of the eligibility for tax credits.
Compliance with Low-Income Housing Tax Credit Requirements. Nothing in this Agreement shall modify or affect any agreement that the Borrower has made or may make with the LHC in any application for low-income housing tax credits under Section 42 of the Internal Revenue Code with respect to such tax credits or in any Extended Low Income Housing Agreement executed or to be executed in connection therewith. In the event of any conflict, the MRLF Program and this Agreement shall control with respect to the requirements of the MRLF Program, and Section 42 of the Internal Revenue Code and any such Extended Low Income Housing Agreement shall control with respect to the requirements of the eligibility for tax credits.
Compliance with Low-Income Housing Tax Credit Requirements. The RESIDENT certifies to JUBILEE the accuracy and completeness of the information provided in connection with the certification or annual recertification of the eligibility of the RESIDENT household, INCLUDING ALL INTENDED ADULT OCCUPANTS, by means of a rental application or similar instrument, including but not limited to the Certification of Resident Eligibility and Income Verification. All of these documents are made a part of this Lease. RESIDENT covenants that all information was given voluntarily and knowingly by RESIDENT, and if any information proves to be false, misleading or inaccurate (regardless of whether the inaccuracy is intentional or unintentional), JUBILEE shall have the right to terminate this Lease, and obtain immediate possession of the Unit and shall entitle JUBILEE to pursue all other rights and remedies set forth in this Lease or as otherwise permitted by law. It shall be the obligation of the RESIDENT to recertify upon being given notice to do so by JUBILEE no later than the date specified. RESIDENT’S failure or refusal to comply with a request for information shall be a violation of his or her tenancy and constitute cause for immediate termination and shall entitle JUBILEE to pursue all other rights and remedies set forth in this Lease or as otherwise permitted by law. In addition, RESIDENT’S failure to furnish accurate and current information could subject RESIDENT to civil or criminal liability. RESIDENT shall immediately notify JUBILEE of any changes in family composition, income or if any member of the household becomes a full-time student or their current full-time student status changes. If JUBILEE determines that the RESIDENT no longer qualifies for a tax-qualified unit, JUBILEE shall have the right to terminate this Lease, and obtain immediate possession of the Unit and shall entitle JUBILEE to pursue all other rights and remedies set forth in this Lease or as otherwise permitted by law.
