Click here to enter text. The Development Owner shall notify the Authority (i) of any change in the status or role of such organization(s) with respect to the Development and (ii) if such organization(s) is proposed to be replaced by a different, qualified supportive service provider. Throughout the term of this AGREEMENT, unless otherwise permitted by the Authority, the Development must conform to the Federal Fair Housing Act and must be a development that: is intended for, and solely occupied by persons 62 years of age or older; OR is intended and operated for occupancy by at least one person 55 years of age or older per unit, where at least 80% of the total housing units are occupied by at least one person who is 55 years of age or older; and adheres to policies and procedures which demonstrate an intent by the Development Owner to provide housing for persons 55 years of age or older; OR is a development under a program by United States Department of Housing and Urban Development and is specifically designed and operated to assist elderly persons as defined by that program; OR is a development under a program by United States Department of Agriculture Rural Development and is specifically designed and operated to assist elderly persons as defined by that program;, (NOTE: The Federal Fair Housing Act requires, generally, that developments which are limited to occupancy by older persons either (i) be restricted to households in which all members are 62 years or older or (ii) to households in which at least one member is 55 years or older. See 24 C.F.R. §§ 100.300-100.304 for requirements. All developments must comply with these requirements, as applicable under Federal law, in addition to this AGREEMENT.)
Appears in 6 contracts
Samples: Land Use Restriction Agreement, Land Use Restriction Agreement, Land Use Restriction Agreement
