Examples of Rental Development in a sentence
AND WHEREAS the Program is comprised of several components, being the New Rental Development Program (AHTP-NRDP), the New Home Development Program (AHTP-NHDP), the Rent Supplement Program (AHTP-RSP), the Secondary Suite Program (AHTP-SSP) and the Multi Unit Rehabilitation Program New Rental Development Program (AHTP-MURP).
NOTARY PUBLIC My Commission Expires: R:\GShields\Community Development\Affordable Rental Development Fund\Volunteer Ministry - Xxxxxxx Manor\Restrictive Covenant - Final 9-29 PM.docx EXHIBIT A" SITUATED in District No. Two of Xxxx County, Tennessee, within the 15th Xxxx of the City of Knoxville, Tennessee, and being more particularly bounded and described as follows: BEGINNING at an iron pin set in the northern right-of-way of E.
With prior City approval, the Owner may also self-manage the Rental Development.
Owner and the City hereby create a restrictive covenant encumbering the Property that will meet the conditions for qualification as affordable housing as described in the Affordable Rental Development Program Agreement dated , 2020 (“Program Agreement”).
AND WHEREAS the Program is comprised of several components, being the New Rental Development Program (AHTP-NRDP), the New Home Development Program (AHTP- NHDP), the Rent Supplement Program (AHTP-RSP), the Secondary Suite Program (AHTP-SSP) and the Multi Unit Rehabilitation Program New Rental Development Program (AHTP-MURP).
The Rental Development shall be operated only for residential use as multifamily rental housing, unless the dwelling units in the Rental Development are sold pursuant to Section 4.2 below.
All Tenant lists, applications, and waiting lists relating to the Rental Development shall be kept separate and identifiable from any other business of the Owner and shall be maintained as required by the City, in a reasonable condition for proper audit.
Borrower and the City hereby create a restrictive covenant encumbering the Property that will meet the conditions for qualification as affordable housing as described in the Affordable Rental Development Program Agreement.
Date: provided in the Application and which is incorporated herein by reference, and meeting the following criteria: Location of Affordable Housing Development (APN, address, parcel map, specific plan or similar reference) City and County Insert a table for each development, and identify the development (e.g. Affordable Rental Development, Market Rate Condos) Enter the number of units by bedroom size and income level.
Two (2) dwelling units in the Rental Development shall be rented to and occupied by or, if vacant, available for occupancy by Very Low Income Households.