DECLARATION OF LAND USE RESTRICTIVE COVENANTS FOR LOW-INCOME HOUSING TAX CREDITSDeclaration of Land Use Restrictive Covenants for Low-Income Housing Tax Credits • October 22nd, 2023 • Rhode Island
This Declaration of Land Use Restrictive Covenants for Low-Income Housing Tax Credits, dated as of [ ], 2023, is entered into by and between the RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORPORATION, a corporation, instrumentality and agency of the State of Rhode Island, with a mailing address of 44 Washington Street, Providence, Rhode Island 02903 (together with any successor to its rights, duties and obligations, the "Corporation"), and , a Rhode Island limited liability company, with a mailing address of (together with its successors and assigns, the "Owner"), is given as a condition precedent to the allocation of low-income housing tax credits by the Corporation or the availability to the Owner of low-income housing credits under Section 42(h)(4) of the Internal Revenue Code of 1986, as amended (the "Code") (this Declaration as amended from time to time, this "Agreement").