City Regulatory Agreement definition

City Regulatory Agreement means the regulatory agreement and declaration of restrictive covenants, to be executed by the Developer and the City and recorded against the Property at the Closing, substantially in the form attached hereto as Exhibit J.

City Regulatory Agreement means the Amended and Restated Regulatory Agreement and Declaration of Restrictive Covenants, Conditions and Restrictions Restricting Use of Property for Affordable Housing entered into by the Borrower in connection with the City Loan.

City Regulatory Agreement means the regulatory agreement by and between Lessor and Lessee, of even date herewith, setting forth the requirement to provide occupancy and certain services to a specified number of low and very low income households at affordable charges at the Project.

Examples of City Regulatory Agreement in a sentence

• The phases and applicable services contained therein are the basis for the project and data organization in CE projects in Germany.

• If private funding commitments contain language requiring that the City Regulatory Agreement, Affordability Agreement, or Declaration of Resale Restrictions be subordinated, or that rents must increase to 60% of AMI in the event of foreclosure or loss of subsidy, they will not receive points.

• If private funding commitments contain language requiring that the City Regulatory Agreement, Affordability Agreement, or Declaration of Resale Restrictions be subordinated, they will not receive points.

• However, the City may require as a funding condition that units occupied by such tenants will be rent-regulated under a City Regulatory Agreement when occupancy changes.

• The specific affordability restrictions shall be set forth in the City Regulatory Agreement.

More Definitions of City Regulatory Agreement

City Regulatory Agreement means the Amended and Restated Regulatory Agreement and Declaration of Restrictive Covenants dated as of May , 2019 between the City and the Borrower.

City Regulatory Agreement means the Amended and Restated Regulatory Agreement and Declaration of Restrictive Covenants dated as of May__, 2019 between the City and the Borrower and subsequently assumed by the Borrower.

City Regulatory Agreement means the Agreement Containing Covenants between City and Borrower made as of the date hereof and recorded against the Project.

City Regulatory Agreement means the affordable housing regulatory agreement entered into in connection with the City Loan substantially in the form attached to this Agreement as Attachment P, subject to such changes as the Construction Lender and the Investor Limited Partner may request that are reasonably approved by the City.

City Regulatory Agreement means the Amended and Restated 55-Year Affordability Restrictions, dated as of , 2010, between Borrower and the City in connection with the City Loan.

City Regulatory Agreement means [the restrictions from the Ground Lease?]

City Regulatory Agreement has the meaning set forth in Paragraph K of the Recitals.