My WebLink
|
Help
|
About
|
Sign Out
Browse
201006213
LFImages
>
Deeds
>
Deeds By Year
>
2010
>
201006213
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/11/2011 1:37:36 PM
Creation date
8/30/2010 4:58:52 PM
Metadata
Fields
Template:
DEEDS
Inst Number
201006213
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
19
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
~oioos2i3 <br />tenant facilities that are available on a comparable basis to all tenants and for <br />which no separate fee is charged for use of the facilities or facilities reasonably <br />required by the project); <br />(e) that the Authority shall have the right to perform an on-site inspection of <br />the Project throughout the Qualified Project Period, in addition to the requirement that the <br />Owner submit to the Authority each year information on tenant income, supporting <br />documentation and rent far each Qualified Unit as designated above; <br />(f) the Forrn of lease to be used by the Owner in renting any units in the <br />Project to Qualified Tenants shall provide for termination of the lease and consent by <br />such person to immediate eviction proceedings in accordance with state law for failure to <br />qualify as a Qualified Tenant, as applicable, as a result of any material misrepresentation <br />made by such person with respect to his or her income, the failure to provide supporting <br />income verification or failure by such person to annually update the Certification of <br />Tenant Eligibility and Income Verification; <br />(g) to permit any duly authorized representative of the Authority, the <br />Department of the Treasury or the IRS to inspect the books and records of the Owner <br />pertaining to the incomes of the Qualified Tenants residing in the Project; and <br />(h) throughout the Qualified Project Period, to target rents, to comply with <br />targeted rent levels and to comply all other conditions of targeting as set forth on the <br />Summary Page hereof. <br />Section 5. Term of Restrictions. <br />(a) The term of the Occupancy Restriction set forth in Section 4 of this <br />Agreement shall (i) commence on the Occupancy Date and (ii) end on the date which is <br />the Required Number of Years after the Occupancy Date. During the Required Number <br />of Years, the Owner shall not evict or terminate the tenancy of an existing tenant of any <br />Dwelling Unit other than for good cause and shall not increase the gross rent above the <br />maximum allowed under Section 42 of the Code with respect to such Dwelling Unit <br />(b) Notwithstanding subsection (a) above, the Owner shall comply with the <br />requirements of Section 42(h) of the Code relating to a 15-year extended use period <br />(30 years total); provided, however, that, with respect to any building that is part of the <br />Project, this Agreement shall terminate: <br />(1) on the date such building is acquired by foreclosure or instrument <br />in lieu of foreclosure (including a deed of trust); or <br />(2) after the expiration of the Qualified Contract Required Number of <br />Years, if the Owner has properly requested in accordance with Code <br />Section 42(h)(6) that the Authority assist in procuring a qualified contract for the <br />acquisition of the low-income portion of such building and the Authority is unable <br />to present a qualified contract one year after the date the written request was <br />submitted to the Authority. <br />
The URL can be used to link to this page
Your browser does not support the video tag.