Cooperative Operation. Owner will own and operate the Project as a low-income multifamily residential rental housing development property containing Dwelling Units and facilities Functionally Related and Subordinate to such Dwelling Units, in accordance with this Agreement, the Project Management Agreement, and other applicable Project Requirements.
Appears in 1 contract
Sources: Local Innovation and Fast Track Housing Program Operating Agreement
Cooperative Operation. Owner will own and cooperatively operate the Project as a low-income multifamily residential rental housing development property containing Dwelling Units and facilities Functionally Related and Subordinate to such Dwelling Units, in accordance with this Agreement, the Project Management Agreement, and other applicable Project Program Requirements.
Appears in 1 contract
Sources: Operating Agreement and Declaration of Land Use Restrictive Covenants