Common use of TASKS TO BE PERFORMED Clause in Contracts

TASKS TO BE PERFORMED. i. It is expressly understood that the activity authorized and funded under this Agreement is for new construction or rehabilitation of affordable housing occupied by low and very-low income households. ii. The CHDO shall market housing produced under this Agreement to qualifying families as defined by the U.S. Department of Housing and Urban Development (HUD). iii. It is anticipated that this project, funded with HOME Program CHDO funding as defined in PART B of this Agreement, will combine with other funding sources to yield 8 or more CHDO housing units during the term of the Agreement. iv. The CHDO understands that any buyer of CHDO housing must receive Down Payment Assistance (DPA) from a CITY-designated DPA provider(s) and that the CHDO must refer all such buyers to said provider(s). v. Buyers shall be qualified using the IRS method for determining income eligibility, whereas Renters shall be qualified using Part 5 method for determining income eligibility for rental projects unless it is a Lease with an Option to Purchase arrangement. vi. ▇▇▇▇ understands and agrees to refer all clients seeking rehabilitation aid only to the CITY. vii. Only those clients shall be eligible for CHDO-project assistance who: a. ▇▇▇▇▇▇▇ as a citizen by birth, naturalized citizen or national of the United States; or b. Have immigrant status under 101(a)(15) or 101(a)(20) of the Immigration and Nationality Act (INA); or c. Have permanent residence under 249 of INA; or d. Have refugee, asylum, or conditional entry status under 207, 208, or 203 of the INA; or e. Have parole status under 212(d) (5) of the INA; or f. Have threat to life or freedom under 243(h) of the INA; or g. Have amnesty under 245(a) of the INA. viii. For rehabilitation projects, the following releases for each property shall be obtained by the CHDO prior to commencement of project activity: a. State Historic Preservation Office b. Noise Assessment ▇. ▇▇▇▇▇ Plain Report d. Lead Based Paint Assessment. PART B:

Appears in 1 contract

Sources: Operating Agreement

TASKS TO BE PERFORMED. i. It is expressly understood that the activity authorized and funded under this Agreement is for new construction or rehabilitation of affordable housing occupied by low and very-low income households. ii. The CHDO shall market housing produced under this Agreement to qualifying families as defined by the U.S. Department of Housing and Urban Development (HUD). iii. It is anticipated that this project, funded with HOME Program CHDO funding as defined in PART B of this Agreement, will combine with other funding sources to yield 8 3 or more CHDO housing units during the term of the Agreement. iv. The CHDO understands that any buyer of CHDO housing must receive Down Payment Assistance (DPA) from a CITY-designated DPA provider(s) and that the CHDO must refer all such buyers to said provider(s). v. Buyers shall be qualified using the IRS method for determining income eligibility, whereas Renters shall be qualified using Part 5 method for determining income eligibility for rental projects unless it is a Lease with an Option option to Purchase arrangement. vi. ▇▇▇▇ understands and agrees to refer all clients seeking rehabilitation aid only to the CITY. vii. Only those clients shall be eligible for CHDO-project assistance who: a. ▇▇▇▇▇▇▇ as a citizen by birth, naturalized citizen or national of the United States; or b. Have immigrant status under 101(a)(15) or 101(a)(20) of the Immigration and Nationality Act (INA); or c. Have permanent residence under 249 of INA; or d. Have refugee, asylum, or conditional entry status under 207, 208, or 203 of the INA; or e. Have parole status under 212(d) (5) of the INA; or f. Have threat to life or freedom under 243(h) of the INA; or g. Have amnesty under 245(a) of the INA. viii. For rehabilitation projects, the following releases for each property shall be obtained by the CHDO prior to commencement of project activity: a. State Historic Preservation Office b. Noise Assessment ▇. ▇▇▇▇▇ Plain Report d. Lead Based Paint Assessment. PART B:

Appears in 1 contract

Sources: Chdo Operating Agreement