Common use of National Objective Clause in Contracts

National Objective. This Project is funded with CDBG-NDR Funds, shall meet HUD’s LMI national objective, and the Developer is obligated to fulfill this national objective. To meet the LMI national objective, Developer shall construct housing that is rented to and occupied by qualified LMI tenants no later than eighteen (18) months after the City’s issuance of the certificate of occupancy relating to the Project.

National Objective. This Project is funded with CDBG-NDR Funds, shall meet HUD’s LMI national objectiveNational Objective, and the Developer Developer, itself, is obligated, and is also obligated to cause the Partnership, to fulfill this national objectiveNational Objective. To meet the LMI national objectiveNational Objective, Developer shall cause the Partnership to construct housing that is rented to and occupied by qualified LMI tenants no later than eighteen (18) months after the City’s issuance of the certificate of occupancy relating to the ProjectProject for the duration of the Affordability Period.