Common use of Management Phase Clause in Contracts

Management Phase. (A) During the Qualified Project Term, units in the Qualified Project shall not be converted to condominium ownership or to a form of cooperative ownership that is not eligible to receive CDBG Funds for rental projects. (B) During the Qualified Project Term, the Borrower shall not discriminate against prospective tenants on the basis of their receipt of or eligibility for housing assistance under any Federal, State or local housing assistance program or, except for an elderly housing project or units specifically identified in Section (C) The number of units by bedroom distribution specified in Section 1.1 of this Agreement shall be occupied or available, through the Borrower's best efforts, for occupancy by Qualified Households whose incomes do not exceed the percentage limitations specified in Section 1.1

Management Phase. (A) During the Qualified Project TermAffordability Period, units in the Qualified Project shall not be converted to condominium ownership or to a form of cooperative ownership that is not eligible to receive CDBG Funds for rental projects. (B) During the Qualified Project TermAffordability Period, the Borrower shall not discriminate against prospective tenants on the basis of their receipt of or eligibility for housing assistance under any Federal, State or local housing assistance program or, except for an elderly housing project or units specifically identified in Section (C) The number of units by bedroom distribution specified in Section 1.1 of this Agreement shall be occupied or available, through the Borrower's best efforts, for occupancy by Qualified Households whose incomes do not exceed the percentage limitations specified in Section 1.1