Common use of Tenant Qualification Clause in Contracts

Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit J, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which attached hereto as Exhibit K, certifying that such household continues to occupy the Income-Restricted Unit. (ii) Borrower covenants and agrees to accept Qualified Households for occupancy of the Permanent Supportive Housing Units. “Qualified Households” are persons who are identified by DHS who (A) have a mental and/or physical disability, (B) have a critical housing need, (C) require support services to live independently, and (D) for whom an independent apartment arrangement is appropriate – as determined by DHS. DHS shall refer Qualified Households to Borrower for tenant qualification and, when requested by DHS, Borrower shall waive the minimum income and credit requirements (including past evictions) for Qualified Households without violent criminal histories.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement

Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit J, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which is attached hereto as Exhibit K, certifying that such household continues to occupy the Income-Restricted Unit. (ii) Borrower covenants and agrees to accept Qualified Households for occupancy of the Permanent Supportive Housing Units. “Qualified Households” are persons who are identified by DHS who (A) have a mental and/or physical disability, (B) have a critical housing need, (C) require support services to live independently, and (D) for whom an independent apartment arrangement is appropriate – as determined by DHS. DHS shall refer Qualified Households to Borrower for tenant qualification and, when requested by DHS, Borrower shall waive the minimum income and credit requirements (including past evictions) for Qualified Households without violent criminal histories, provided such waiver does not violate VHDA’s regulatory agreement pertaining to the unit or result in the loss of low income housing tax credits pursuant to the Code.

Appears in 1 contract

Sources: Loan Agreement

Tenant Qualification. (i) Borrower covenants and agrees that at the time of the initial occupancy of an Income-Restricted Unit by a qualified Tenant, the Borrower shall have established that each household that leases an Income-Restricted Unit covered by this Agreement (A) meets the County Manager’s or his her designee’s administrative requirements for the determination and verification of income and occupancy of such Income-Restricted Unit, and (B) has an income that qualifies it for occupancy of such Income-Restricted Unit as set forth in this Agreement. Annually thereafter, the Borrower shall obtain from each household that leases an Income-Restricted Unit a signed Income Certification for Income-Restricted Units Form, a sample of which is attached hereto as Exhibit JI, establishing the continued eligibility of such household, based on then current income, to occupy the Income-Restricted Unit under the terms of this Agreement, together with a signed Annual Rental Occupancy Affidavit Form, a sample of which attached hereto as Exhibit KJ, certifying that such household continues to occupy the Income-Restricted Unit. (ii) Borrower covenants and agrees to accept Qualified Households for occupancy of the Permanent Supportive Housing Units. “Qualified Households” are persons who are identified by DHS and who (A) have a mental and/or physical disability, (B) who have a critical housing need, (C) and require support services to live independently, and (D) for whom an independent apartment arrangement is appropriate – appropriate, as determined by DHS. DHS shall refer Qualified Households to Borrower for tenant qualification and, when requested by DHS, Borrower shall waive the minimum income and credit requirements (including past evictions) for Qualified Households without violent criminal histories.

Appears in 1 contract

Sources: Loan Agreement