|
�
<br /> ►�;. _ ,> '
<br /> . :���,
<br /> ..��fl. . *.Y�,t :+N.,,.-
<br /> . . , " .t .►:.
<br /> : ., . . . -. °��
<br /> ' � . .•,lt<,_
<br /> �. � '„
<br /> � . � ... , , . . ,�
<br /> . Q
<br /> � • � g��, �1�9'7f3
<br /> � e . Notwithstanding the foregoing, a unit is not disq�lall�ied as a Quatified Untt merely
<br /> ....� the Cod )
<br /> � °�' beaause it ls occupied (t)by a student receiving AFDC assistance under Tttle IV of the Soc�al s_
<br /> Securlty Act, (iti) entireiy by _
<br /> (i i) by a student in a government-supported job tratning program, _
<br /> .. fulQ-time students who are single parents and their children. provided such occupants arc not
<br /> • dependents of another person or (iv) by fitll-time students wlio are married and �le a joint . _
<br /> r e ri t r n. T h e d e t e r m i n ation of whether an lndlvidual or family is a QualiCted Te n n i i�uf i d
<br /> ma de a t l e a s t a n n u a l l y o n t h e b a s i s o f t h e c u r r e n t i n c o m e of suc h occu pan t s. A n y P
<br /> by an in div l dua l or fami ly w h o is a Qualified Tenant at the commencement of occupancy s ha l l
<br /> continue to be treated as if occupled by a Qualified'I'enant� provlded that, should such Qualified
<br /> Tenant's income subsequently exceed 140% of the applicable income limit, such tenant shall t�o
<br /> longer be a Qualit"ied Tenant if, after such determination of income, btu prior eo the next .,4;�_*
<br /> determination�any residential unit of comparable or smaller size is rented to a tenant who is not ,; .
<br /> a Quali�ed'I'enant.
<br /> "Qualified Unit" means a residential unit in trie Project designated for occupancy by �,�r__,;,::
<br /> �. Qualifled Tenants. _
<br /> �s �=_=-
<br /> "Related Persons" means two or more persons related wtthin the meaning of Section �'._
<br />___ _ __ _� 147(a)(2) of the Cade, including, but not limited to, familial and trust relationships, actual or �
<br /> attributed partnership interests, teiateci corporation� ai�d c��taln corgorat� sh?*�holders.
<br /> "Rent Restrlcted Unit" means a Dwalling Unit if the gross rent with respect to the
<br /> , Dwelling Uri`t b°ed on the numbe rof bedr oms therein in aceordance with Section 4l2(g)(2)(C) v
<br /> Dwelling U (
<br />" of the Code).
<br />_ "Required Number of Years means the number of yenrs after the Occupancy Date on
<br /> ,�
<br /> which the Qualified Project Period explres and as set forth on the Summary Page.
<br /> -..:..:, .•. . .,.�:,
<br /> :�:� ,: � .'��:.., Section 2. Representallon, Covenants and WamanNea ojthe Owner. The Owner makes
<br />- � . the fallowing representations and warranties to induce the Authority to enter into this Agreement
<br /> � and further represenis. wan•ants and covenants that:
<br /> "� (a) . The Owner (i) is a legal organizatlon as described on the Summary Page _-
<br /> - Summaty Page thereof,and -T
<br /> ,_�� hereof organized under the laws of the State identi�ed on the. ��i� has the
<br /> " � �� is qualified to transact business under the laws of the State of Nebraska, .:,:
<br /> � power and authoriry to own lts properties and assets and to carry on lts business as now R,,:.;
<br /> f being conducted (and as contemplated by this Agreernent) and (iii) has the full legal �__
<br /> • right, power and authority to execute and deliver ihis Agceement and to perform all the
<br /> � undertakings of the Owner hereunder. _
<br /> (b) The execution and performance of this Agreement by the Owner (i) will -
<br /> . not violate or, as applicable, have not violated any proviston of law� rule or regulation,
<br /> or any order of any court�r other agency or governmental body, (ii)will not violate ar,
<br /> �
<br /> ' . ,.,,�a�o,.� 3
<br /> - --__ --- ....---._... �
<br /> � .
<br /> - �1 _
<br />
|