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servic_s which may he furnished by the Owners or others to such tenant upon his; her request, in addition to the
<br />facilities and services included to the approval rental schedule.
<br />(c} The Secretary will at any time entertain a written request for a rent increase properly supported by substantiating
<br />evidence and within a reasonable time shall:
<br />(i} Approve a rental schedule Shat is accessary to compensate (or any net increase, occurring since the last ap-
<br />proved rental schedule, in taxes !other rJtan rne•nrrtr tcxest and operating and maintenance cost over which
<br />Owners have no effective contra!, ar
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<br />(ii} Deny the increase stating the reasons there?2x.
<br />S. {ai The criteria governing eligibility of tenants for admission [n Section 8 onus and the „ndiiions of continued occu-
<br />pancy shall be in accordance with the Housing Assrstance Payments Contract.
<br />(b) The maximum rent for each Section $ unit is stated m the Hnusmg Assistance Payments Contract and adjustments
<br />in such rents shall be made in accordance with the terms of the Hausine Assistance Payments Contract.
<br />(c} Nothing contained herein shall be construed m relieve the Owners of any uhiigations under the Housing Assistance
<br />Pavments Contract.
<br />6. (a} } f the martgage rs arieinally a Secretary-held purchase ;none} ?ncrtgage, ar is originally endorsed for insurance under
<br />any Section other than Section .3 3 ,Owners shall nut vi selecnn, tenants discriminate against any person or persons
<br />by reason ai die fact that there are children to the fan:dy In the event the martgage is insured under Section 231.
<br />Owners will give preference nr priority of opportunit}' to occupy its dwelling aceommadations to elderly persons
<br />and handicapper( Peru>ns as+letined to the HUD Reguianar,s.
<br />{b} It the murtr_are is originally endorsed fitr insurance under Section '~ 1.Owners shall in selecting tenants give to other-
<br />wise exigible displaced persons ur famtiies an absoiu?e preference nr priority of occupancy which shall be accotnplished
<br />as follows:
<br />(1) Eor a perod of sixtrv {60) days from the date of ttrvginal offering, unless a shorter period of time is approved
<br />in writing by the Secretan'. all units shall be held tirr such preferred applicants, after which time any unrented
<br />amts may be rented ronun-preferred apphcaats. and
<br />(^_) Thereafter, and on a continuing basis, such pret•_rred apphcaats shall he given preference over non-preferred
<br />applicants m rhea placement an a wanure I+st [.~ be naamtmned by the Owners: and
<br />(3) Nvtwishstanding the pravi~ons of paragraphs t i' and ia_ ;:~r U^ of the Section 8 units, the Section 3_'1 or
<br />Secuun'_3i occupancy preference shall ^e acct+rded tmi} t++ thin urdrviduais qualifying as very low income
<br />as specified in the Housing Assistance Payniems Ct+r,uact.
<br />{c) Without the prior written approval u[ the Secretary not noire ?l:yr '. ~ ,if the number of units in a project insured
<br />under Scdion 231 shalt tie occupied by persrins ether than elderly persons.
<br />(d} All adverusing or efforts to rent a prnlect insured :order Sedtnn _' +1 st;ah :etiect a bona fide efturt of the Owners w
<br />obtain occupancy by etderiy persons.
<br />?. Nonprofit Owners a~ee that rsa dividends vi ant nature whatsaever coil be pa+d un the tapitai stock issued by the curpa-
<br />ration.
<br />$. Owners shall not without the prior wrtt[en approval of the Secretary'
<br />(a) Canvey, transfer, ur encumber an} of the mortgaged pmpeny, „r permit the aarvetame, ~ransler, ur encumbrutcc
<br />of such property.
<br />(b} Assign, transfer, dispase af, or encumber nay persanal prapert. nt rh+~ prayed. ~nc}udmg rents, nr pay out any funds
<br />excxpt From surplus cash, except for reasonable operahng expenses and ne, essan [epa:rs.
<br />(c) Canvey, assign, or teartsfer any beneftcral mutest m any trust holding uric ~., the ,rrupert}. + , nay right tit manage
<br />or receive the rents and profits tiara the mart gaged pn?pertc .
<br />(d} Remodel, add to_ reccnstruet, ,a[ dernuhsit also part ui rite aiungagcd pu;pc[ty ,~.o >uinraa (iota any real +n persun~i
<br />praperty of the prated.
<br />(e} 1$al:e- or receive and ruram, .my citsn'tbution +,f assess <n am n+~,mae taf anc kind ~+i the ptt,~zrr except sur,riu4 caalt
<br />....d except er. ire t.a:owutg t ...;iittr=rs:
<br />{l) Ai! &sIrtbutians shall be made tamp as ul and aft<•r rite ~=n;l ni a -:r.uaar:uai +n ntuwa2 fiscal Itenod, and ontc• as
<br />pernnticvi by the law ut the applicable turisdier,;n..md. m the _.,.c ri~s !antic:! distnbuoetr rntntga„nr..t.!
<br />druributiotu rn an}~ one fiscal year shall he linr.ted to srx per a•nww rm ~hc natl.+! egmt} +n ar,uarnt, aS .ir
<br />teamined by the Secretary which shall be cunrulanvc-
<br />(21 Na disttibutton shall tx [glade from t+.irnawed funds. i=trot w rin..;ccmtaleitn+t of the pnrject ur u1!rn ihete ,~.
<br />arty slefa:tir undeF £his AgFeerrtY6t a( under the is t,le .:r .r rrtt~,age_
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