97110986 - Laserfiche WebLink

Browse

�� -- . . , ' *,' . }. > �'��:�,; . ..�1�`. --. . _ . . . . �' �..-'._ , . . ' . .. , . ��- ss_-_. - i�.c: -...;._- . . . .. . cn`..� ..�._ . . r, . r.�—�- ., . � , •. �{ � ' ».�SS„�"-. s-.(.r ' - . . �. - � - .r�,�.... • .. . , � , .. � . � . .� . . � � , i �� r� �sases _y,_..__- �;�,.,,:...�, (vii) documentation to supgort each Qualified Tenant's a�ual income _ � -• •� certi�aation (for example, a copy of the Qualified Tenant's federal income tax _-__ __ � ' retum, Forms W-2, or veri�cations of income from third parties such as -- ' employers or state agencies paying unemployment compensation). Tenant income -- _ ' � is to be calculated In a manner cansistent with the determination of a�ual income under Section 8 of the United States Housing Act of 1937 ("Section 8"), and not — in accordance with the determination of gross income for federal income tax ;�.- �� liability. In the case of a tenant receiving housing assistance paymenis under ''�.— �� Section 8, the documentation requirement of tlnis subsection 4(d)(vii) ns satis�ed � x �'__ � if the public housing authority provides a statement to ttie Owner declaring that ��.�. � the tenant's income does not exceed the applicable income limit under Code , SPCtion 42(g); ��. (viii) the eligible basis and the Quali�ed Basis of the building at the end _. of the first year of the Qualified Project Period; and �T- (ix) the character and use of the non-residential portion of the building " included in the eligible basis of the building under Section 42(d) of the Cocie f��- _� � (e.g., tenant facilities that are available on a camparable basis to all tenants and ___ T for which no separAte fee is charged tor use of the faciliiies, ur P�CIIIti�S _ reasonably required by the project); (e) that the Authority shall have the right to perform an on-site inspection of � �- the Project throughout the Qualified Project Period, in addition to the requirement that the Owner submit to the Authority each year information on tenant income, supporting documentadon and rent for each low income unit as designated above; (� the form of lease to be used by the Owner in renting any units in the Project to Qualified Tenants shall provide for termination of the lease and consent by , . such person to immediate eviGtion proceedings in accordance with state law for failure to qualify as a Qualified Tenant, as applicable, as a result of any material , nnisrepresentation made by such person with�respect to his or her income, the failure to = provide supporting income verification or failure by such person to annually update the --- _ Certification of Tenant Eligibility and Income Verification; �Y�� = ' (g) to permit any duly authorized representative of the Authority, the --- - Department of the Treasury ox the Internal Revenue Service to inspect the baoks and ___ records of the Owner pertaining ro the inc�mes of the Qualified Tenants residing in the � _-- Project; and - - (h) througt�out the Qualified Project Period, to target rents, to comply with '�=-� targeted rent levels, and to comply all other conditions af targeting as set forth on the ^� :- Summary Page hereof. . °. 01/SRGI 19.1 I FORM I H t—.- _.— - � �.. i I � �_ . _ .. ._ _ . .. _._ __. __ . ..._ _ _ .___ __. .__ .._. . _.__—..._.__ ._ __ ... _ ._.. . _.