Recorded Covenant definition

Recorded Covenant means a covenant recorded on an Infill Brownfield Development Project which receives an Infill Grant:
Recorded Covenant means a recorded affordability restriction with a term of at least 55 years that limits the rental of the dwelling units to households with an income not exceeding 60% of the Area Median Income at Affordable Rent and is made for the benefit of and enforceable by the City, Santa Clara County, or a State or Federal Agency.

Examples of Recorded Covenant in a sentence

  • Recorded Covenant Running with Land: This Agreement shall inure to the benefit of the City, the Owners, and each of their respective heirs, successors and assigns.

Related to Recorded Covenant