Deed Restriction. In compliance with the requirements of the HOME Program which is providing a portion of the funding for this project, a Deed Restriction shall be recorded against the property comprising the Project. Said Deed Restriction shall restrict the rent and occupancy of units in accordance with the requirements of the HOME Investment Partnership Act. The term of said Deed Restriction shall be 20 years, and shall stand independent of this Agreement. The Deed Restriction shall only affect the 11 HOME units and shall stand in addition to any restriction imposed by this Agreement.
Appears in 1 contract
Sources: Agreement for Development of Affordable Rental Housing
Deed Restriction. In compliance with the requirements of the HOME Program which is providing a portion of the funding for this project, a Deed Restriction shall be recorded against the property comprising the Project. Said Deed Restriction shall restrict the rent and occupancy of units in accordance with the requirements of the HOME Investment Partnership Act. The term of said Deed Restriction shall be 20 years, and shall stand independent of this Agreement. The Deed Restriction shall only affect the 11 HOME units and shall stand in addition to any restriction imposed by this Agreement.
Appears in 1 contract
Sources: Agreement for Development of Affordable Rental Housing
Deed Restriction. In compliance with the requirements of the HOME Program which is providing a portion of the funding for this project, a Deed Restriction shall be recorded against the property comprising the Project. Said Deed Restriction shall restrict the rent and occupancy of units in accordance with the requirements of the HOME Investment Partnership Act. The term of said Deed Restriction shall be 20 10 years, and shall stand independent of this Agreement. The Deed Restriction shall only affect the 11 10 HOME units and shall stand in addition to any restriction imposed by this Agreement.
Appears in 1 contract
Sources: Funding Agreement