Common use of Agreements required Clause in Contracts

Agreements required. Owners of projects with State assisted or sub- sidized mortgages whose plans of ac- tion have been approved under § 248.307 shall enter into agreements, contracts and/or mortgage modifications with the State agency or local housing au- thority to maintain the housing as af- fordable to tenants in accordance with § 248.145. Such agreements may provide VerDate Sep<11>2014 09:23 May 11, 2023 Jkt 259084 PO 00000 Frm 00531 Fmt 8010 Sfmt 8010 Q:\24\24V2.TXT PC31 for the renewal of any assistance made available under § 248.319(c).

Agreements required. Owners of projects with State assisted or sub- sidized mortgages whose plans of ac- tion have been approved under § 248.307 shall enter into agreements, contracts and/or mortgage modifications with the State agency or local housing au- thority to maintain the housing as af- fordable to tenants in accordance with § 248.145. Such agreements may provide VerDate Sep<11>2014 09:23 May 11, 2023 Jkt 259084 PO 00000 Frm 00531 Fmt 8010 Sfmt 8010 Q:\24\24V2.TXT PC31 for the renewal of any assistance made available under § 248.319(c).