Affordability Requirements. Pursuant to the requirements of the HOME Program and the Agreement, the Recipient agrees that the HOME-Assisted Units on Property as more particularly described in the Agreement shall remain affordable for and be used solely by low income persons or families as described in the Program Requirements, as such requirements are defined below, for their principal residence and for no other purpose throughout the Affordability Period as defined below.
Appears in 2 contracts
Sources: Developer Agreement, Community Housing Development Organization Agreement