Examples of Qualified Tenants in a sentence
Occupancy of the Subject Property pursuant to a lease, rental, or other occupancy agreement, is limited to Qualified Tenants.
If the Subject Property Owner intends to continue to occupy the Subject Property as his or her Primary Residence and will share occupancy with the Qualified Tenant(s) then the Administrator shall issue a written approval to the Subject Property Owner to rent the Subject Property within five business days after the Subject Property Owner notifies the Administrator of the Subject Property Owner’s intent to rent the Subject Property.
Any duly authorized representative of NIFA, the Department of the Treasury or the IRS may inspect the books and records of the development pertaining to the incomes of the Qualified Tenants residing in the development.
Developer acknowledges and agrees that there is a critical shortage of affordable housing in the City for Qualified Tenants and that it is a material condition of this Contract for the benefit of the City that Developer develop, construct, complete, manage, and operate the Project in accordance with the development schedule attached hereto as Exhibit E (the “Development Schedule”).
Developer shall rent 100% of the Units in the Project to Qualified Tenants with household incomes that do not exceed 80% of the area median income for the City and County of Honolulu, adjusted for family size (“AMI”), as determined by the United States Department of Housing and Urban Development (“HUD”) and published by the Hawaii Housing Finance and Development Corporation (“HHFDC”).