Project Based Section 8 definition

Project Based Section 8 means housing choice vouchers held by the City and/or Landlord pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of 1937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Landlord has agreed pursuant to the Phase A Implementation Agreement, to provide Project Based Section 8 assistance to fifty (50) of the Housing Units for each and both Phases of the Project subject to various conditions precedent and other requirements set forth in the Phase A Implementation Agreement. In all events, Landlord’s obligation to provide Project Based Section 8 assistance to the Project is expressly conditioned upon the satisfactory completion of environmental review and the Landlord’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Ground Lease (or any Implementation Agreements), the parties hereto agree and acknowledge that this Ground Lease does not constitute a commitment of federal funds, and that such commitment of funds or may occur only upon satisfactory completion of environmental review and receipt by Landlord and/or City, as applicable, of a release of funds from the U.S. Department of Housing and Urban Development under 24 CFR Part 58. The parties further agree that the provision of any federal funds to the Project is conditioned on Landlord’s and/or City’s, as applicable, determination to proceed with, modify or cancel the Project Based Section 8 funding based on the results of a subsequent environmental review. The parties hereto are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the parties understand that the violation of this provision may result in the denial of any federal funds under this Ground Lease. ―Property‖ shall mean those parcels of real property consisting of approximately acres, located at 0000-0000 Xxxx Xxxxxxx Xxxxxx [conform to Phase A address] in the City of Anaheim and designated as Assessor’s Parcel Nos. 000-000-00, 000-000-00, and 000-000-00 [conform to Phase A APN(s)], as more particularly described in the Legal Description.
Project Based Section 8 means a program developed by HUD to provide rental subsidies for eligible low-income families. All such assistance is ‘project-based’, i.e., the subsidy is committed by HUD for the assisted units of a particular mortgaged property for a contractually determined period.
Project Based Section 8 means housing choice vouchers held by the City and/or Authority pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of l937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Pursuant to Section 310.1(d), Authority has agreed to consider providing Project Based Section 8 assistance for up to thirty-nine (39) of the Housing Units at each of the Projects subject to the Conditions Precedent and the provisions of Section 310.1(d), including without limitation Developer securing an allocation of 9% Tax Credits for each Project and the receipt of no more than $0.78 of equity for one dollar of Tax Credits for the Manchester Project and $0.77 of equity for one dollar of Tax Credits for the Orangewood Project, or as otherwise provided in Section 310. In all events, Authority’s obligation to provide Project Based Section 8 assistance to either of the Projects is expressly conditioned upon the satisfactory completion of environmental review and the Authority’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Agreement (or any Implementation Agreements), the parties hereto agree and acknowledge that this Agreement does not constitute a commitment of federal funds, and that such commitment of funds may occur only upon satisfactory completion of environmental review and receipt by Authority and/or City, as applicable, of a release of funds from the U.S. Department of Housing and Urban Development under 24 CFR Part 58. The parties further agree that the provision of any federal funds to either Project is conditioned on Authority’s and/or City’s, as applicable, determination to proceed with, modify or cancel the Project Based Section 8 funding based on the results of a subsequent environmental review. The parties hereto are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the parties understand that the violation of this provision may result in the denial of any federal funds under this Agreement.

Examples of Project Based Section 8 in a sentence

  • If applicant is applying for Project Based Section 8 through IHCDA, Form O must be submitted.

  • If applicable, Form O to apply for IHCDA Project Based Section 8.

  • Evidence of Project Based Section 8 Rental Assistance shall include, at a minimum, a letter from the Public Housing Authority (PHA) firmly approving the project for Project Based Section 8 Rental Assistance subject to the completion of the subsidy layering review or a Commitment to enter into a Housing Assistance Payments Contract (CHAP) under the HUD Rental Assistance Demonstration (RAD).

  • These questions are asked for the sole purpose to: (1) determine an applicant household’s ability to pay rent for a unit that does not have Project Based Section 8; or (2) to advise applicant households who are applying for a unit with a Project-based Section 8 that if they move into such a unit that already has Section 8 with the unit, they will be required by their voucher agency to give up their mobile voucher.

  • Applicants that have not completed the Institute for the specific project for which they are applying are NOT eligible to request IHCDA Project Based Section 8.

  • Payments will be made in accordance with the provisions of the HAP Contract and the Project- Based Section 8 Assistance Rider.

  • The Grantee/Owner agrees to accept the Project Based Section 8 Housing Assistance Payments Contract.

  • The Resident Notification Letter and Lease Rider are not required for units occupied by households assisted with Project Based Section 8 using the HUD Model Lease.

  • Project Based Section 8 Housing Assistance Payment Contract, if applicable, which shall be executed at Closing, in the form of Attachment F.

  • See the Project Based Section 8 Rider for information regarding report requirements.


More Definitions of Project Based Section 8

Project Based Section 8 means housing choice vouchers held by the Housing Authority pursuant to an annual or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of 1937, 42 U.S.C. Section 1437f(o)(13), and implementing regulations set forth at 24 CFR Part 983. Housing Authority has agreed, in Section 304.2 hereof, to consider providing up to six (6) Project Based Section 8 units to the Project to the extent such assistance is necessary to ensure the financial feasibility of the Project. However, Housing Authority’s obligation to provide Project Based Section 8 assistance to the Project is expressly conditioned upon the satisfactory completion of environmental review and the Housing Authority’s receipt of a release of federal funds from HUD. Accordingly: Notwithstanding any provision of this Agreement to the contrary, the Parties acknowledge and agree that this Agreement does not constitute a commitment of federal funds, and that such commitment of funds may only occur upon satisfactory completion of environmental review and receipt by the Housing Authority of a release of federal funds for the U.S. Department of Housing and Urban Development under 24 CFR part 58. The Parties further agree that the provision of any federal funds to the Project is conditioned on Housing Authority’s determination to proceed with, modify or cancel any Project Based Section 8 funding based on the results of a subsequent environmental review. The Parties are further prohibited from undertaking or committing any federal funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair or construction prior to the environmental clearance; the Parties understand that violation of this provision may result in the denial of any federal funds under this Agreement. If the federal funding for the Project is cancelled pursuant to the foregoing provisions, the Parties shall meet and confer in good faith regarding alternative funding sources for the Project.
Project Based Section 8 means housing choice vouchers held by the City and/or Authority pursuant to annual and/or multi-year contribution contract(s) with HUD, which may be used to assist specific housing units as authorized by Section 8(o)(13) of the U.S. Housing Act of l937, 42 U.S.C. Section 1437f(o)(13), and the implementing regulations set forth at 24 CFR Part 983. Authority has agreed to provide Project Based Section 8 assistance to forty-eight (48) of the Housing Units at the Project, subject to the Conditions Precedent set forth in Sections 204 and 205 and the provisions of the HAP Contract. In all events,

Related to Project Based Section 8

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