Housing Covenants definition
Examples of Housing Covenants in a sentence
The Affordable Housing Covenants Benefiting Landlord may be made subordinate and junior to the liens related to the financing of the construction and operation of the Project only in accordance with this Section 8.3.9 and Article 18 herein; provided however, in no event shall the REA or the City Covenants be subject to any subordination agreement or otherwise be subordinated, which REA and City Covenants shall remain a senior, non-subordinate liens on the Property.
Owner shall provide upon City's request evidence that Affordable Housing Covenants have been recorded against all of the For Sale Affordable Units.
The Affordable Housing Covenants Benefitting Housing Authority set forth in this Section 503 may be made subordinate and junior to the liens related to the financing of the Construction and operation of the Project only in accordance with Section 302.6 hereof.
If the Affordable Housing Covenants Benefitting Housing Authority and/or the Housing Authority Regulatory Agreement are not made subordinate in accordance with this Section, then Developer acknowledges and agrees that the Affordable Housing Covenants Benefitting Housing Authority shall remain prior, superior and non-subordinate covenants.
The Buyer acknowledges that the Seller or its representative has the right to vary, exclude or elect not to enforce any of the Housing Covenants on owners of other land in Everleigh.
In developing the Project, Developer shall comply with the requirements set forth in Article 13 and the Affordable Housing Covenants.
This Declaration and Agreement of Affordable Housing Covenants, Conditions and Restrictions (“Agreement”) is entered into effective as of , 201_ (“Effective Date”) by and between the CITY OF FREMONT, a municipal corporation (“City”) and EAST ▇▇▇▇▇▇ PARK, LLC, a California limited liability company (“Declarant”).
The requirements of the Entitlement, including without limitation, the Affordable Housing Covenants, are set forth in the City Restrictions.
The Buyer may apply to the Seller or its representative for consent to complete works on the Land and other buyers of lots in Everleigh may apply to the Seller or its representative for consent to complete works on those lots which do not comply with these Housing Covenants.
The Buyer is to confirm the proposed location of the Dwelling with the Builder and its compliance with statutory requirements and the Housing Covenants.