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<br /> �� I.ANI) 115� LZ�;S'I'RICTIUN A.G1tEEMEN'T :
<br /> ,��,,,,�• FU1t I,nW INCOM�. HOUSiNG TAX CREDITS
<br /> ,`.
<br />.,.��• 9T- 1109�6 �„ ='-_--
<br /> TNIS I.ANn USI:ltl?S'fRIC'1'1UN AC3REEMENT (this "A�reement") is entered into as �_
<br /> '" af the date set fc�rth �fn the Sumn�ury P��ge hereaf hctwcCn ti�e N�BRASKA INVESTMENT - ___.
<br /> FINA N C E A t 1'f H O K I'1'Y (t h c "A u t h u r i t y"), a b c x i Y pofitic and co r porate, not a state agency, .._
<br /> � but an inde��xient inwtnameiuelity exercising c�sential public functions under the constitution ___
<br /> atul laws of thc Stutc af Ncbratika, und thc Qwner idcntified on the Summary Page hereof(the :y •;_
<br /> "Owner") and the l.c:ncter or l.cnctcrs identified on thc Summary Page hereof(the "Lender"}.
<br /> � WITN � SSETH :
<br /> WHERBAS,thc Authariry haR b�:�n A�ei ofaNebra,ka forVthe allocati n�of low n ome
<br /> a s t h e h o u$i n g t a x c r e d i t e n t f[y f o r t h e S t __
<br /> housing tax credit dollars; and ==
<br /> „ � � � �•.:.-
<br /> , WHEREAS, the Owner is or shull tx� the owner of the rental housing development ,
<br /> lceated and as described on the Summary Pagc hereof and in Exhibit A hereto(the "Project"); �
<br /> - � and �:
<br /> WHEREAS, the Owner hns a�plic�n�� ount nottotexceed thel mount set forth on the
<br /> housing tax credit dollars to the Pro�ect �n
<br /> � Summary Page hereof; and -° -��
<br /> WHEREAS, the Owner and the Project must continuAUSly comply with Section 42 and
<br /> „ ' other applicable sections of the Internal Revenuc Cade of 198ti. as amended (tlie "Code"), and
<br /> . the Treasury Regulations promulgated thereuncter(the "Regulations"); and _
<br /> � WHEREAS, compliance by the Owner and the Project with Section 42 of the Code is =
<br /> • in large part within the conuol of the Owner; and _-
<br /> • WHEREAS. the Authority is unwilling to allocate low income housing tax credit dollars �_
<br /> to t he Projec t un le s s t h e O w n e r s h all, b y enterin g inro this Agreement, consent to be regulated -
<br /> - by the Authority in order that the Authority may enforce the occupancy restrictions and other �:.:_
<br /> � covenants. tercns and conditions of this Agrecment in accordance with the Code and the
<br /> � Regulations; and
<br /> WHEREAS, the Owner has represented to the Authurity in the Owner's Low Income ,__
<br /> Housing Tax Credit Applicatian (the Applic:ation') that thc Owncr 5hall lease at least the �
<br /> Applicable Set-Aside Percenta�;c of the units in thc Projcct to individuals or families wt�ose �:�r,�.�:
<br /> ircome is the Applicable Income Percenta�e or Ic:ss of arca mcdian gross income (includinfi �.;;,�._
<br /> adjustments for family size) as determined in accordanc� with the Cate ("Qu�ilified Tenants"); `-,;._
<br /> and �
<br /> i01/586119.1 If�ONM�
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