Examples of Interim Housing Period in a sentence
The Owner covenants that each unit shall be occupied or available for occupancy during the Interim Housing Period by Qualified Households from the Target Population and during the Permanent Supportive Housing Period by Qualified Households at an Affordable Rent on a continuous basis throughout the Term.
The Authority desires that the Project serve as many local residents and those working in the City of Stanton who are members of the Target Population (during the Interim Housing Period) and who are 80% Low Income Households (during the Permanent Supportive Housing Period) as possible.
The Authority and the Owner desire that, following the initial Interim Housing Period (which period shall not exceed five (5) years), the Project be operated as a multifamily residential community on the Property with the residential units made available to Qualified Households at an Affordable Rent as more specifically defined herein.
Grantee shall conduct due diligence and background evaluation of all prospective tenants, including, without limitation, a criminal background check and third-party verification of Target Population status (during Interim Housing Period) and income (during Permanent Supportive Housing Period), to evaluate references, credit worthiness, and related qualifications.
The operation of a multi-family rental housing project which shall include not less than sixty (60) units, all but two (2) of which shall be occupied by individuals from the Target Population, during the Interim Housing Period of the Term, and then rented to Qualified Households at Affordable Rents, during the Permanent Supportive Housing Period of the Term, and all related on- and off-site improvements, as more particularly described in the Affordable Housing Agreement.