Cessation of Eligibility. A tenant whose household income met the foregoing limits at the beginning of the tenant's occupancy of a unit in the Development shall cease to be treated as meeting the limits if the tenant's household income increases to exceed one hundred forty (140%) percent of the required limit, and after such event any vacant unit in the Development of comparable or smaller size is rented to a new tenant whose income does not meet the limits as described above.
Appears in 4 contracts
Samples: Tax Credit Assistant Program Regulatory Agreement, Regulatory Agreement, Regulatory Agreement
Cessation of Eligibility. A tenant whose household income met the foregoing limits in Section 2.d. above at the beginning of the tenant's occupancy of a unit in the Development shall cease to be treated as meeting the limits if the tenant's household income increases to exceed one hundred forty (140%) percent of the required limit, and after such event any vacant unit in the Development of comparable or smaller size is rented to a new tenant whose income does not meet the limits as described above.
Appears in 2 contracts
Samples: Regulatory Agreement, Regulatory Agreement
