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201703497
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Last modified
7/3/2017 5:40:27 PM
Creation date
5/25/2017 3:54:08 PM
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DEEDS
Inst Number
201703497
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201703497 <br /> Attachment 1 <br /> accept, renewals of the Section 8 Housing Assistance <br /> Payments contract in accordance with the relevant <br /> HUD requirements related the Section 202 and 202/8 <br /> program at that time. <br /> b. Subject to the availability of appropriations, <br /> projects selected to receive the Senior Preservation <br /> Rental Assistance Contracts (SPRACs) or any other <br /> HUD rental assistance, shall comply with the <br /> requirements of the particular HUD rental assistance <br /> program. <br /> 3 . In the event of a breach or a threatened breach of <br /> any of the above covenants and agreements by the <br /> Owner, HUD and/or any tenant as a third-party <br /> beneficiary shall be entitled to institute legal <br /> action to enforce performance and observance of such <br /> covenants and agreements and to enjoin any acts <br /> which violate such covenants and agreements. HUD <br /> and/or any tenant as a third-party beneficiary may <br /> also seek an award of damages and/or other relief as <br /> may be appropriate. <br /> 4 . Owner shall not impede the reasonable efforts of <br /> tenants to organize pursuant to 24 CFR Part 245, or <br /> any successor regulations of Part 245, or <br /> unreasonably withhold the use of any community room <br /> or other available space appropriate for meetings <br /> which is part of the mortgaged property when <br /> requested by: (i) a resident tenant organization in <br /> connection with the representational purposes of the <br /> organization; or (ii) tenants seeking to organize or <br /> to consider collectively any matter pertaining to <br /> the operation of the mortgaged property. <br /> 5. When the 202 Direct Loan project initially <br /> refinances the 202 Direct Loan, the Owner, for <br /> itself, its successors and assigns, hereby agrees <br /> and acknowledges that this Use Agreement shall be <br /> recorded in the appropriate land records . <br /> [Subsequent refinancings of the 202 Project do not <br /> require a re-recording of this Use Agreement. ] <br /> 6. Consistent with the tenancy eligibility <br /> requirements, if any, of the original Section 202 <br /> Direct Loan agreement, Owner will accept all forms <br /> of HUD rental assistance when offered for units that <br /> 2 <br />
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