Common use of Disaster Mitigation Clause in Contracts

Disaster Mitigation. Pursuant to 24 CFR §93.301(a)(2)(iii), the Development Owner must ensure that this Property will be constructed to mitigate the impact of potential disasters such as earthquakes, hurricanes, flooding and wildfires, in accordance with State and local codes, ordinances, or other State and local requirements, or such other requirements as HUD may establish.

Appears in 1 contract

Sources: Multifamily Direct Loan Contract

Disaster Mitigation. Pursuant to 24 CFR §93.301(a)(2)(iii92.251(a)(2)(iii), the Development Owner must ensure that this Property will be constructed to mitigate the impact of potential disasters such as earthquakes, hurricanes, flooding and wildfires, in accordance with State and local codes, ordinances, or other State and local requirements, or such other requirements as HUD may establish.

Appears in 1 contract

Sources: Tcap Repayment Funds Multifamily Direct Loan Contract