Common use of Affordability Covenants Clause in Contracts

Affordability Covenants. The Developer and the City shall, in order to assure the continued affordability of the rental units as required by the Development Program, Maine State Housing Authority and applicable laws, regulations and ordinances, execute a declaration which is substantially in the same form as the “Declaration of Covenants, Conditions and Restrictions” which is attached to the Development Program as Exhibit I.

Affordability Covenants. The Developer and the City shall, in order to assure the continued affordability of the rental units as required by the Development Program, Maine State Housing Authority and applicable laws, regulations and ordinances, execute a declaration (the “Declaration”) which is substantially in the same form as the “Declaration of Covenants, Conditions and Restrictions” Restrictions which is attached to the Development Program as Exhibit I.

Affordability Covenants. The Developer and the City shall, in order to assure the continued affordability of the rental units in the Project as required by the Development Program, Maine State Housing Authority and applicable laws, regulations and ordinances, execute a declaration (the “Declaration”) which is substantially in the same form as the “Declaration of Covenants, Conditions and Restrictions” Restrictions which is attached to the Development Program as Exhibit I.