Amount of Mortgage. In no event shall the aggregate amount of all Mortgages placed against a For Sale Affordable Unit exceed an amount equal to one hundred five percent (105%) of the Maximum Resale Price for such unit. Prior to obtaining any Mortgage or refinancing thereof, the Affordable Unit Owner shall request from the Agency the then-current Maximum Resale Price for its For Sale Affordable Unit.
Appears in 3 contracts
Samples: Affordable Housing Covenant, Affordable Housing Covenant, Affordable Housing Covenant
Amount of Mortgage. In no event shall the aggregate amount of all Mortgages placed against a For Sale Affordable Unit exceed an amount equal to one hundred five percent (105%) of the Maximum Resale Price for such unit. Prior to obtaining any Mortgage or refinancing thereof, the Affordable Unit Owner shall request from the Agency the then-current Maximum Resale Price for its For Sale Affordable Unit.
Appears in 1 contract
Samples: Affordable Housing Covenant
Amount of Mortgage. In no event shall the aggregate amount of all Mortgages placed against a For Sale Affordable Housing Unit exceed an amount equal to one hundred five percent (105%) of the Maximum Resale Price for such unit. Prior to obtaining any Mortgage or refinancing thereof, the Affordable Housing Unit Owner shall request from the Agency the then-then- current Maximum Resale Price for its For Sale Affordable Housing Unit.
Appears in 1 contract
Samples: Housing Covenant
