HOME Regulatory Agreement definition

HOME Regulatory Agreement means that certain HOME Investment Partnerships Program Regulatory Agreement recorded on August 03, 2000 as document number 2000-0037485 by and between the Cooperative and the City of Santa Cruz, California.

HOME Regulatory Agreement has the meaning set forth in the first paragraph of this HOME Regulatory Agreement.

HOME Regulatory Agreement means the Regulatory Agreement and Declaration of Restrictive Covenants of even date herewith, between the County and Borrower evidencing County requirements applicable to the Combined County Loan, to be recorded against the Property concurrently herewith.

Examples of HOME Regulatory Agreement in a sentence

• Early or pre-payment of the loan will not release the HOME Regulatory Agreement.

• All applicants receiving HOME funding will be required to execute a HOME Regulatory Agreement outlining the number of HOME assisted units and the number of years the units must be provided at affordable rents.

• If the income of a resident of a HOME/NSP/HTF restricted unit in the project increased to an amount that exceeds the limit allowed under HOME Regulatory Agreement (or similar document), the next available unit in the project was rented to a qualified household.Yes.No. If no, explain: 4a.

• Upon forgiveness of said Loan, the current HOME Regulatory Agreement will be released.

• The RIC Act may be downloaded from: http://www.info.gov.za/acts/2002/a70-02/ .

• All commitments will be secured by a Deed of Trust on the project property and a HOME Regulatory Agreement tied to the project.

• Borrower may not give preference to any particular class or group of persons in renting or selling the Units, except to the extent that the Units are required to be leased to income eligible households pursuant to this County Regulatory Agreement and the HOME Regulatory Agreement.

• Borrower shall submit its written management policies with respect to the Development to the County for its review, and shall amend such policies in any way necessary to ensure that such policies comply with the provisions of this HOME Regulatory Agreement.

• Borrower may not give preference to any particular class or group of persons in renting or selling the Units, except to the extent that the Units are required to be leased to income eligible households pursuant to this HOME Regulatory Agreement.

• In the event there is a foreclosure of the Property, this HOME Regulatory Agreement will revive according to its original terms if, during the HOME Term, the owner of record before the foreclosure, or deed in lieu of foreclosure, or any entity that includes the former owner or those with whom the former owner has or had family or business ties, obtains an ownership interest in the Development or Property.

More Definitions of HOME Regulatory Agreement

HOME Regulatory Agreement means the Regulatory Agreement and Declaration of Covenants and Restrictions between Borrower and City, of approximately even date herewith, incorporated herein by this reference.

HOME Regulatory Agreement means the agreement in the form included as Exhibit M executed by and between the Eligible Mortgagor and the Authority as of the Closing Date of a HOME Assisted Loan.

HOME Regulatory Agreement means that certain HOME Regulatory Agreement and Declaration of Restrictive Covenants between the County and Borrower dated October 1, 2020, and recorded October 20, 2020, against the Property as Instrument No. 2020- 0243185 in the official records of Contra Costa County, as amended by the First Modification Agreement dated as of the date hereof, and recorded against the Property concurrently herewith.

HOME Regulatory Agreement means that certain HOME Investment Partnerships Program Regulatory Agreement recorded on August 03, 2000 as document number 2000-0037485 by and between the Cooperative and the City of Santa Cruz, California.‌

HOME Regulatory Agreement has the meaning set forth in Paragraph D of the Recitals.