Default Defined: Penalties. If Owner violates restrictions or provisions contained in this HIP Rental Agreement, Owner shall pay to County five thousand dollars ($5,000.00) for each and every such violation. "Violation" means the rental of an Affordable Unit at a rate in excess of that permitted hereunder and/or to a household having an income in excess of that permitted hereunder, provided that not more than one (1) violation shall be cited with regard to any individual non-qualifying rent level or tenant household, as to any particular Affordable Unit, in any one- (1) year period. County shall allocate any money collected pursuant to this Section for the provision of additional affordable housing including the administration and enforcement of the HIP program.
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Sources: Housing Incentives Program Agreement, Housing Incentives Program Agreement