Other Program Requirements. A. The Developer will enter into a housing assistance payment contract with the City of Wichita Housing and Community Services Department (HCSD) through the Project-Based Voucher (PBV) program, for a term of fifteen (15) years. 1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD will notify families from its tenant-based Housing Choice Voucher program waiting list of their ability to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size for the family size and composition. 2. HCSD will enter into a Housing Assistance Payments (HAP) contract with the owner for all sites selected and approved for PBV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability. 3. The owner is responsible for screening and selection of the family referred by HCSD from HCSD’s waiting list to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size. 4. During the course of the tenant’s lease, the owner may not terminate the lease without good cause. “Good cause” does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause. 5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner 6. The total rent to the owner for PBV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements. B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s Affirmative Marketing Plan include: 1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project. 2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period. 3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases. 4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project. 5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- qualified tenants. C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project. D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant. E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment. F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement. G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers. H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 2 contracts
Sources: Funding Agreement, Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 2 contracts
Sources: Funding Agreement, Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen offifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the ofthe any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the ofthe tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the ofthe lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining ofmaintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 2 contracts
Sources: Funding Agreement, Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the ofthe HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining ofmaintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Affinnative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performedperfonned, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the ofthe rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of constructionofconstruction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability ofavailability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the ofthe rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining ofmaintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. I. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement
Other Program Requirements. A. The Developer will enter into a housing assistance payment contract contract(s) with the City of Wichita Housing and Community Services Department (HCSD) HCSD through the Project-Based Voucher (PBV) HCV program, for a term of fifteen (15) years.
1. Housing assistance subsidies will be provided while eligible families occupy the rental housing unit, and the unit meets other program standards. HCSD Owner will notify families from its tenant-based Housing Choice Voucher seek existing HCV program waiting list of their ability participants to apply to the Project Based Voucher Development’s waiting list. HCSD’s published subsidy standards will determine the appropriate unit size lease units as they become available for the family size and compositionlease.
2. HCSD will enter into a Housing Assistance Payments (HAPHAP contract(s) contract with the owner for all sites selected and approved for PBV HCV assistance. HCSD will make housing assistance payments to the owner in accordance with the HAP contract for those contract units leased and occupied by eligible families during the HAP contract term subject to funding availability.
3. The owner is responsible for screening and selection of the any HCV participating family referred by HCSD from HCSD’s waiting list it chooses to occupy the owner's unit based on their tenancy histories. At least seventy-five percent (75%) of the families approved for tenancy shall be families whose annual income does not exceed thirty percent (30%) of the median income for this area as determined by HUD and as adjusted by family size.
4. During the course of the tenant’s 's lease, the owner may not terminate the lease without good cause. “"Good cause” " does not include a business or economic reason or desire to use the unit for an individual, family, or non-residential rental purpose. Upon expiration of the lease the owner may: renew the lease; refuse to renew the lease for good cause.
5. The amount of the rent to owner is determined in accordance with HUD regulations. Except for certain tax credit units, the rent to owner including utility allowances must not exceed the lowest of: • An amount determined by HCSD, not to exceed 110 percent of the applicable Small Area Fair Market Rent (FMR) payment standard for the unit bedroom size including any applicable tenant-paid utility allowance. • The reasonable rent; or • The rent requested by the owner
6. The total rent to the owner for PBV HCV assisted units consists of the tenant rent (the portion of the rent to owner paid by the family) and the rental assistance paid by HCSD in accordance with the contract with the owner. HCSD determines the tenant rent in accordance with HUD requirements.
B. The Developer agrees to adopt affirmative marketing procedures and requirements and prepare a written Affirmative Marketing Plan for AHF-assisted units. The plan must contain specific steps and actions that the Developer will take to provide information and otherwise attract eligible persons for all racial, ethnic, and gender groups in the housing market area to the available housing. Specific activities that must be included in the Developer’s 's Affirmative Marketing Plan include:
1. Display of the Equal Housing Opportunity logo, slogan or statement in all advertising material related to this project.
2. Display of the HUD Equal Housing Opportunity logo, slogan, or statement at the construction site, from the start of construction, and properly maintained throughout the construction and rental period.
3. No later than 90 days prior to engaging in marketing activities, the Developer should notify the City of Wichita Housing & Community Services Department, in writing, the dates on which the Developer plans to: (1I) begin initial marketing activities; (2) start initial leases.
4. The Developer must begin marketing activities 90 days prior to the anticipated date of availability for occupancy of the first unit of the project.
5. The Developer must market/advertise the housing opportunity utilizing publications, such as community newspapers, in an effort to attract income- income qualified tenants.
C. The City and agents designated by the City shall, at all reasonable times during the development of the project and construction or rehabilitation, have the right of entry and free access to the project and all parts thereof, and the right to inspect all work done, labor performed, and materials furnished in or about the project and all records relative to all payments made in connection with the project.
D. The Developer shall have the responsibility of maintaining the property until such time as the development project is complete and the newly constructed/rehabilitated home has been rented to an income-eligible tenant.
E. Developer is required to obtain insurance coverage for all perils, including vandalism, in an amount equivalent to the amount of the first mortgage construction loan balance plus interest, and the total AHF funds investment.
F. Developer is responsible for retaining all records in connection with projects undertaken with AHF funding provided under this contract, including but not limited to, real estate purchase contracts, invoices, property development documentation, infrastructure development, and other records as further specified in this agreement.
G. Developer shall apply for available City incentives for projects undertaken with funding provided under this agreement, including property tax rebates and permit fee waivers.
H. The City, at its option, will use budgeted Developer Fees as a contingency for cost increases or unanticipated costs.
Appears in 1 contract
Sources: Funding Agreement