Restricted Units. Because all of the units in the Project are required to be Restricted Units pursuant to Section 4(a) hereof, any Available Unit not required to be rented to an Existing Tenant must be rented to or held vacant for a Very Low-Income or Low-Income Tenant, as applicable.
Appears in 2 contracts
Sources: Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants
Restricted Units. Because all of the units in the Project are required to be Restricted Units Units, excluding the one (1) manager’s unit, pursuant to Section 4(a) hereof, any Available Unit not required to be rented to an Existing Tenant must be rented to or held vacant for a Very Low-Income Tenant or a Low-Income Tenant, as applicable, subject to adjustments, as permitted in the Declaration of Restrictions – MOHCD Loan.
Appears in 1 contract
Sources: Regulatory Agreement and Declaration of Restrictive Covenants
Restricted Units. Because all of the units in the Project are required to be Restricted Units Units, excluding the one (1) manager’s unit, pursuant to Section 4(a) hereof, any Available Unit not required to be rented to an Existing Tenant must be rented to or held vacant for a Very LowVery-Low Income or Low-Income Tenant, as applicable.
Appears in 1 contract
Sources: Regulatory Agreement and Declaration of Restrictive Covenants
Restricted Units. Because all of the units in the Project Project, excluding one manager’s unit, are required to be Restricted Units pursuant to Section 4(a) hereof, any Available Unit not required to be rented to an Existing Tenant must be rented to or held vacant for a Very LowVery-Low Income Tenant or Low-Income Tenant, as applicable.
Appears in 1 contract
Sources: Regulatory Agreement and Declaration of Restrictive Covenants