Common use of Program Content Clause in Contracts

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of property, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services Department. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 2 contracts

Sources: Funding Agreement, Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of propertyofproperty, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the ofthe project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution ofexecution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of property, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a ofa 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of propertyofproperty, construction of homes, purchase _and re-habilitation of existing ofexisting homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual ofactual costs involved in the acquisition of propertyofproperty, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution ofexecution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of property, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution ofexecution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of propertyofproperty, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a ofa 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution of this ofthis funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual ofactual costs involved in the acquisition of property, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution ofexecution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement

Program Content. A. The use of AHF/HOME funds provided under this contract will be limited to the subsidy of actual costs involved in the acquisition of property, construction of homes, purchase and re-habilitation of existing homes, demolition, and the developer fees earned in connection with completion of each unit. B. Funding under this agreement will be provided in the form of a 0% interest development subsidy loan to complete the project as approved by the Housing & Community Services DepartmentHCSD. C. Developer shall complete closing of any and all loans in order to leverage AHF funds construction investment, within 30 days of the ofthe acquisition of the project sites. D. The Developer shall commence construction activities no later than 180 days from the date of execution of this funding agreement. Each single-family home is to be completed within a period of twelve months from the contract date. Extensions will only be granted under rare extenuating circumstances. Final site improvements are to be completed as seasonally appropriate.

Appears in 1 contract

Sources: Funding Agreement