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�p�106264 <br />such person to immediate evictian proceedings in accordance with state law for failure to <br />qualify as a Qualified Tenant, as applicable, as a result of any material misrepresenta.tion <br />made by such persan 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 />( fl to permit any duly authorized representative of the Authority, the <br />Deparhnent of the Treasury or the IltS to inspect the books and records of the Owner <br />pertaining to the incames of the Qualified Tenants residing in the Project; and <br />(g} 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 farth on the <br />Summary Page hereof. <br />Section 5. Term of Restrictiens. <br />(a} The term of the Occupancy Restriction set forth in Section 4 of this <br />Agreement shall (i) commence an 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 af any <br />Dwelling Unit other than for good cause and shall not increase the grass rent above the <br />maximum allowed under Section 42 of the Cade with respect to such Dwelling Unit. <br />(b) Notwithstanding subsection (a) above, the Ownsr shall comply with the <br />requirements of Section 42(h) of the Code relating to a 15-yeaz extended use period (30 <br />years total); provided, however, that, with respect to any building that is part of the <br />Project, this Agreement shall terminate: <br />(i) on the date such building is acquired by foreclosure or instrument <br />in lieu of foreclosure (including a deed of trust); or <br />(ii} 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. The Owner hereby agrees that it will not request the <br />Authority's assistance in procuring a qualified contract prior to the expiration of <br />the Required Number of Compliance Years as set forth on the Summary Page. <br />In the event foreclosure proceedings are initiated, the Authority shall <br />receive notice of such foreclosure no less than 15 days prior ta such foreclosure. <br />(c) Notwithstanding subsections (a) and (b) above, Code Section 42 rent <br />requirements sha11 continue for a period of three years following the termination of this <br />Agreement. During such three-year period, the Owner shall not evict ar tetminate the <br />tenancy of an existing tenant of any Dwelling Unit other than for good cause and shall <br />not increase the gross rent above the maximum allowed under the Code Section 42 with <br />respect to such Dwelling Unit (the "Vacancy Decontrol Rule'�. <br />asao-oosz-99a9.i 9 <br />