Occupancy Restriction. Throughout the Term, the Borrower covenant and agree to make available, restrict occupancy to, and rent a total of of the dwelling units on the Property as Affordable Units to Low-Income households at an Affordable Rent and rent a total of of the dwelling units on the Property as Affordable Units to Moderate-, and Middle-Income households at an affordable rent, pursuant to the terms set forth in this Agreement. Prior to leasing an Affordable Unit, the Borrower shall verify the income eligibility of the tenant applicant in order to assure compliance with the rent and occupancy restrictions and monitoring requirements of this Agreement. The Borrower shall complete a SCHEDULE OF RENTS (Exhibit C) which will list the initial rents for unit receiving NSP assistance. The Borrower shall upon request by the County complete such income verification on forms provided by the County.
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Occupancy Restriction. Throughout the Term, the Borrower covenant covenants and agree agrees to make available, restrict occupancy to, and rent a total of ( ) of the dwelling units on the Property as Affordable Units to Very Low, and a total of ( ) of the dwelling units on the Property as Affordable Units to Low-Income households at an Affordable Rent and rent a total of of the dwelling units on the Property as Affordable Units to Moderate-, and Middle-Income households at an affordable rent, pursuant to the terms set forth in this Agreement. Prior to leasing an Affordable Unit, the Borrower shall verify the income eligibility of the tenant applicant in order to assure compliance with the rent and occupancy restrictions and monitoring requirements of this Agreement. The Borrower shall complete a SCHEDULE OF RENTS (Exhibit C) which will list the initial rents for unit receiving NSP HOME assistance. The Borrower shall upon request by the County complete such income verification on forms provided by the County.
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