Functionally Related and Subordinate Facilities. The Project will consist of proximate buildings or structures located on a single "tract" of land which have similarly constructed Dwelling Units financed pursuant to a "common plan" together with Functionally Related and Subordinate Facilities, which will be owned by the same "person" (as such terms are used in the Treasury Regulations). Owner has covenanted (and does hereby covenant, represent and warrant) that no interest in either the Owner or the Project will be transferred except as permitted in Section 7 hereof.
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Sources: Local Innovation and Fast Track Housing Program Operating Agreement, Operating Agreement and Declaration of Land Use Restrictive Covenants