Uses of Authority Housing Lots Sample Clauses

Uses of Authority Housing Lots. The Authority Housing Lots shall only be used for development of Authority Housing Units, provided that the Authority Housing Projects may contain Parking Spaces and ancillary uses such as child care, social services or related tenant-serving uses consistent with the Redevelopment Requirements. Ancillary neighborhood retail uses may only be developed on the Authority Housing Lots with the consent of the Developer. TIDA shall record restrictions on the Authority Housing Lots to ensure that the Affordable Housing Units remain affordable in accordance with the requirements of CCRL section 33334.3. TIDA shall record covenants on Transition Units that do not initially qualify as Affordable Housing Units (based on the income level of the applicable Transitioning Household) to make them Affordable Housing Units immediately upon the vacancy or departure of the initial Transitioning Household. TIDA will not subordinate its fee interest in the Authority Housing Lots to any financing lien; provided, however, the affordability restrictions may, in accordance with the requirements of CCRL section 33334.14 and in TIDA’s sole discretion, be subordinated to construction and permanent financing related to the development of an Authority Housing Project.
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Related to Uses of Authority Housing Lots

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