Examples of Affordability Requirements in a sentence

Pursuant to 24 C.F.R. § 92.252, the Affordability Requirements shall remain in effect for not less than the Affordability Period without regard to the term of any mortgage or other underlying encumbrance upon the Property and without regard to any transfer of ownership.
So long as there is no breach of the Agreement by the Debtor, the principal balance of this Note shall be forgiven, pro rata, for each month after the Project Completion Date that Debtor is in compliance with the Loan Documents and Affordability Requirements throughout the full twenty-year term, then the entire balance of this Note shall be forgiven on the maturity date.
Recipient recognizes that the Affordability Requirements contained within the Agreement as to the HOME-Assisted Units must be imposed as covenants that run with the land in order to comply with the HOME regulations at 24 C.F.R. Part 92.
The Affordability Requirements apply to the Property immediately, and the Recipient shall comply with the restrictive covenants herein upon the issuance of a Certificate of Occupancy.
The Deed of Trust shall be released when the terms of the loan, including but not limited to, compliance with the Affordability Requirements are satisfied.

More Definitions of Affordability Requirements

Affordability Requirements means the mandatory Affordability Ceiling and the mandatory Capital Cost Ceiling.

Affordability Requirements means the following:

Affordability Requirements mean the requirements set forth in Section 5.2.

Affordability Requirements means the Affordability Ceiling and the Capital Cost Ceiling. “Assumed Financial Close Date” means the date set out in Section 4.3.1 of Table 6 of Appendix B. “Authority” means the Vancouver Island Health Authority.

Affordability Requirements means the Affordability Ceiling and the Capital Cost Ceiling. “Authority” means the Vancouver Island Health Authority.

Affordability Requirements means the affordability requirements contained in Sections 3.02 and 3.03 hereof.

Affordability Requirements means the housing assisted with funds from this Loan Agreement must meet the Affordability Requirements found in Article IX, Section 9.1.1 and 9.1.2 of this Agreement and must adhere to terms of the Declaration of Affordability Requirements approved by Lender and filed by Borrower as a requirement to receive funds under this Agreement.