Regulated Units definition
Examples of Regulated Units in a sentence
HCA will be responsible for providing mental health supportive services to the tenants of the Regulated Units.
Capitalized operating subsidy reserve f"COSR") shall be required for projects without rental assistance vouchers (or other rental subsidies) to subsidize operating costs for the MSHA Regulated Units.
Developer/Borrower is required to continually seek future commitments of rental or operating subsidies for the MHSA Regulated Units (e.g., project-based Section 8) for the life of the MHSA Loan.
Borrower shall develop the Project in conformance with the plans and specifications as approved by the City, as an affordable housing project consisting of a total of One-hundred eight (108) residential units (including one (1) manager’s unit), One-hundred seven (107) of which shall be Regulated Units rented at rents which are in compliance with Section 9.3 hereof, and related community and common space.
The Participant may elect to provide a capitalized operating subsidy reserve (the “COSR”) funded with Program Funds to subsidize the rents of some or all of the Regulated Units (the “COSR-Assisted Units”) by approving a maximum COSR as part of the Application.
CalHFA will also advise the Participant of any supplemental regulatory provisions or income restrictions imposed by other lenders or CTCAC that would potentially affect the rents, or impose income restrictions on the Regulated Units.
A Regulatory Agreement will be recorded and will restrict the Development and the Regulated Units.