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_,,,,. .. ,.� � , � '.. ' ' ,.�:: .. . , , . .::.�'ta��'+tr^'r.�' --.'.�'.��''' , . .�:".;'�W�ke.:�;:c , . . .=:a�ib'=.::U . . ' . ' . � . w'.�._��'_.- , . _► . . . `�'��'�S� . � � Y -.♦ .-.. �.��. . . ..� .� .. ... �.. e... • . �. . . .��.� - '1 �- .. . .�.. . - . . . - . .. + � . r.. .. ..W. ' � -. . � . . , .. . .4.LL:._.. �. � .. .. . . ��/ -�� - . I ' . .� . . .. .."�1.."S�Y:. . . .. .. •'' ' ' t . �� - �� . .. • a n�h . .. . .. . ._ .. __ i , . .. -. � . . • g7�. �109'7t� � ��:� -_ LAND USE RESTRICiIU�NG��lliTS - ,�. ' FOR LOW INCOME HO _ TH1S LAND USE RFSTRICTION ACiREBM�N een the NEBRAStRp►�INVeFSTMENT of the date set forth on the Summary Page hereof �olitic and corporate, not a state agency, - ' � FINANC� AUTHORITY (the "Authority"), a�odY P "— but an lndependent Instrumental[ty exercising essential public functions underpage hereof(the . -- � and laws of the State of Nebraska�,e�Sident fied onithe Summary Page he eof (the "Lender"). ; 'Owner ) and the Lender or Len �'•� . � � WITNESSETH : ..:v (" y� •�. WHEREAS, the Authority has been designated by ka forVthe allocationtaof low income -� as the housing tax credlt entiry for the State of Nebras �• � ' � housing tax credit dollars; and - - -� WHEREAS. the Owner is or shall be the owner of the rental housing development . � � � located and as described on the Summary Page hereof and in Lxhibit A hereto (the "Project"): t.: �'- �------ and = WHEREAS, the Owner has applied to the Authorotexceed the`amount et forth on the � ^ � housing tax credit dollars to the ProJect Ia an amoant not t _t� : . � Summary Page hereof; and ` � �� WHEREAS, the Owner and the ProJect must continuously comply with Section 42 and � ' ? . other applicable sections of the Internal Revenue Code of 1986, as amended (the "Code"), and ,.`:,} . the T��easury Regulations promulgated thereunder (the "Regulations"); and ��;".,,.r :'.,;;. WHEREAS. compliance by the Owner and the Project with Sectio�n 42 of the Code is -�� in large part within the control of the Owner; and WHEREAS, the Authorlty is unwliling to allocate low income housing tax credit dollars �� to the ProJect unless the Owner shalt, by entering into this Agreement, consent to be regulated y�; by the Authority in order �►a�ons of thisitAgreement in acco dance 1 wtth Sthe t Code and t the jy. .. ; '' covenants, tersns and condit� � 1 Regulations; and �__- ` . � WHEREAS, the Owner has represented to the Authority in the Owner's Low Income _ _ Housing Tax Credit Application (the "Application") that the Owner shall lease at least the : Applicable Set-Aside Percentage of the units in �ess of area tmed an;gross income�t(including income is the Applicable Income Percentage or I ualitied Tenants"): adjustments for family size) as determined in accordance with the Cocie("Q . and . mrt0t0)l i -._-. -.-.. - :r:.� .._ . �_. . 1 , .. ..:y _ _ _ _ _ ___ _ �