Common use of Restricted Units Clause in Contracts

Restricted Units. All units designated in the Application approved by the Department as restricted units that are not also assisted units, shall be restricted on a long-term basis by a public agency at the income and rent levels shown in the Application. Similarly, all units designated in the Application as restricted units and that are not also assisted units, shall be restricted on a long-term basis by a public agency to the designated target population.

Appears in 3 contracts

Samples: Authority, s3-us-west-2.amazonaws.com, VHHP General Terms and Conditions

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Restricted Units. All units designated in the Application and approved by the Department as restricted units units, but that are not also assisted units, shall be restricted on a long-term basis by a public agency at the income and rent levels shown in the Application. Similarly, all units designated in the Application as restricted units and units, but that are not also assisted units, shall be restricted on a long-term basis by a public agency to the designated target population.

Appears in 2 contracts

Samples: MHP General Terms and Conditions, MHP General Terms and Conditions

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