Certificate of Preference Program Clause Samples
Certificate of Preference Program. To the fullest extent permitted by law, the Owner shall comply with the City’s Certificate of Preference Program pursuant to San Francisco Administrative Code Section 24.8 and the Operational Rules referenced in Exhibit I, to the extent such compliance is not in conflict with any other requirements imposed on the Project pursuant to Sections 42 and 142(d) of the Code, the Act, the OCII Loan, the CDLAC Resolution, CTCAC requirements or other applicable federal or State law.
Certificate of Preference Program. As required by OCII’s enforceable obligations, preferences for OCII sponsored affordable housing must be granted to eligible households who hold Certificates of Preference (“Certificate Holders”) in accordance with OCII’s Property Owner and Occupant Preference Program (the “Certificate of Preference Program” or “COP Program”), as reprinted September 11, 2008 and effective October 1, 2008. MOHCD will administer the COP Program on behalf of both OCII and the City, which is independently obligated to apply the COP Program to its affordable housing programs under Board of Supervisors Ordinance No. 232-08 (Oct. 30, 2008). This program administration will include providing overall management of the program, issuing Certificates of Preference to eligible applicants, marketing of new units to Certificate Holders, administering MOHCD homeownership financial assistance programs to Certificate Holders, and outreaching to Certificate Holders to participate in MOHCD sponsored rental readiness programs. OCII will include the cost of MOHCD’s services to implement the COP Program on new OCII Retained Housing Obligation projects and a pro-rata share of the COP Program’s overall administration (based on an estimate of the proportion of OCII funded projects in the COP Program’s upcoming annual pipeline) in OCII’s annual budget and semi-annual ROPS as needed.
Certificate of Preference Program. As required by OCII’s enforceable obligations, preferences for OCII sponsored affordable housing must be granted to eligible households who hold Certificates of Preference (“Certificate Holders”) in accordance with OCII’s Property Owner and Occupant Preference Program (the “Certificate of Preference Program” or “COP Program”), as reprinted September 11, 2008 and effective October 1, 2008, as approved by Former Agency Commission Resolution No. 57-2008, included as Exhibit A. MOHCD will administer the COP Program on behalf of both OCII and the City, which is independently obligated to apply the COP Program to its affordable housing programs under Board of Supervisors Ordinance No. 232-08 (Oct. 30, 2008). This program administration will include providing overall management of the program, issuing Certificates of Preference to eligible applicants, marketing of new units to Certificate Holders, administering MOHCD homeownership financial assistance programs to Certificate Holders, and outreaching to Certificate Holders to participate in MOHCD sponsored rental readiness programs. OCII will include the cost of MOHCD’s services to implement the COP Program on new OCII Retained Housing Obligation projects and a pro-rata share of the COP Program’s overall administration (based on an estimate of the proportion of OCII funded projects in the COP Program’s upcoming annual pipeline) in OCII’s annual budget and semi-annual ROPS as needed.