Operation of Development as Affordable Housing. (a) Borrower shall operate the Development (i) in accordance with all applicable laws, codes, ordinances, rules and regulations of federal, state, county or municipal governments or agencies now in force or that may be enacted hereafter, and (ii) as an affordable housing development consistent with: (1) HUD's requirements for use of HOPWA Funds and HOME Funds; (2) the Regulatory Agreements; and (3) any other regulatory requirements imposed on Borrower including but not limited to regulatory agreements associated with the City Loan, and Low Income Housing Tax Credits provided by TCAC and rental subsidies provided to the Development.
Operation of Development as Affordable Housing. Borrower shall operate the Residence as affordable housing consistent with: (i) HUD's requirements for use of CDBG Funds; (ii) the Regulatory Agreement; and (iii) any other regulatory requirements imposed on Borrower.
Operation of Development as Affordable Housing. (a) Promptly after completion of construction Borrower shall operate the Development as an affordable housing development consistent with: (1) HUD's requirements for use of the HOME Funds; (2) the Regulatory Agreement; and (3) any other regulatory requirements imposed on Borrower including but not limited to regulatory agreements associated with the County Loan, and Low Income Housing Tax Credits provided by TCAC.
Operation of Development as Affordable Housing. Borrower shall operate the Development (i) in accordance with all applicable laws, codes, ordinances, rules and regulations of federal, state, county or municipal governments or agencies now in force or that may be enacted hereafter, and (ii) as an affordable housing development consistent with: (1) the Regulatory Agreements; and (2) any other regulatory requirements imposed on Borrower including but not limited to regulatory agreements associated with the Restructured El Cerrito Loan, and Low Income Housing Tax Credits provided by TCAC, and rental subsidies provided to the Development.
Operation of Development as Affordable Housing. Borrower shall continuously operate and maintain the Development as housing rented to occupants and at rent levels in conformity with the Regulatory Agreement.
Operation of Development as Affordable Housing. Borrower shall operate the Development (i) in accordance with all applicable laws, codes, ordinances, rules and regulations of federal, state, county or municipal governments or agencies now in force or that may be enacted hereafter, and (ii) as an affordable housing development consistent with: (1) HUD's requirements for use of HOPWA Funds and HOME Funds; (2) the Regulatory Agreements; and (3) any other regulatory requirements imposed on Borrower including but not limited to regulatory agreements associated with the City Loan, AHSC Loan, and Low Income Housing Tax Credits provided by TCAC.
Operation of Development as Affordable Housing. (a) Borrower shall operate the Development as an affordable housing development consistent with (i) HUD's requirements for use of the NSP3 Funds, (ii) the Regulatory Agreement, and (iii) any other regulatory requirements imposed on Borrower including but not limited to the regulatory agreement associated with the MHSA Loan.
Operation of Development as Affordable Housing. Borrower shall operate the Development (i) in accordance with all applicable laws, codes, ordinances, rules and regulations of federal, state, county or municipal governments or agencies now in force or that may be enacted hereafter, and (ii) as an affordable housing development consistent with: (1) HUD's requirements for use of HOPWA Funds, NSP1 Funds, and HOME Funds; (2) the Regulatory Agreements; (3) any other regulatory requirements imposed on Borrower including but not limited to regulatory agreements associated with the City Loan, MHP Loan, VHHP Loan, Low Income Housing Tax Credits provided by TCAC; and (4) any regulatory requirements imposed on Borrower related to the rental subsidies provided to the Development.
Operation of Development as Affordable Housing. (a) Borrower shall operate the Development as an affordable housing development consistent with (i) HUD's requirements for use of CBDG Funds and HOME Funds,
Operation of Development as Affordable Housing. (a) Promptly after completion of [construction or rehabilitation], the Borrower shall operate the Development as an affordable housing development consistent with
