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201703497 <br /> Attachment 1 <br /> do not have section 8 or any other HUD rental <br /> assistance for the life of the Use Agreement. <br /> 7 . Upon execution of the refinancing for the project, <br /> as approved by HUD, Owner must use the proceeds that <br /> result from the refinancing in a manner that is <br /> advantageous to the tenants of the project. Or, <br /> Owner must use the proceeds in the provision of <br /> affordable rental housing and related social <br /> services of elderly persons that are tenants of the <br /> project or are tenants of other HUD assisted senior <br /> housing by the nonprofit owner, private nonprofit <br /> project sponsor or private nonprofit organization <br /> project developer. The following are examples of <br /> allowable uses of the proceeds pursuant to AHEO: <br /> (a) for up to 15 percent of the cost of increasing the <br /> availability or provision of supportive services, <br /> which may include the financing of service <br /> coordinators and congregate services. HUD may <br /> waive the 15 percent limitation, as necessary, to <br /> better enable seniors to age in place, if a <br /> waiver is sought by a nonprofit owner, sponsor or <br /> organization. ; <br /> (b) rehabilitation, modernization, or retrofitting of <br /> structures, common areas, or individual dwelling <br /> units, including reducing the number of units by <br /> reconfiguring units that are functionally <br /> obsolete, unmarketable, or not economically <br /> viable; <br /> (c) construction of an addition or other facility in <br /> the project, including assisted living <br /> facilities (or, upon the approval of the <br /> Secretary, facilities located in the community <br /> where the project sponsor refinances a project <br /> under this section, or pools shared resources <br /> from more than one such project) ; <br /> (d) rent reduction of unassisted tenants residing in <br /> the project; <br /> (e) rehabilitation of the project to ensure long-term <br /> viability; and <br /> (f) payment to the project owner, sponsor, or third- <br /> party developer of a developer' s fee in an amount <br /> not to exceed or duplicate: (i) in the case of a <br /> project refinanced through a State low income <br /> housing tax credit program, the fee permitted by <br /> the low income housing tax credit program as <br /> 3 <br />