Common use of Compliance with Low-Income Housing Tax Credit Requirements Clause in Contracts

Compliance with Low-Income Housing Tax Credit Requirements. Nothing in this Agreement shall modify or affect any agreement to set-aside units in the Project that the Owner has made or may make with the LHC in any application for low-income housing tax credits under the Code with respect to such tax credits or in any Extended Low Income Housing Agreement executed or to be executed in connection therewith. In the event of any conflict, the QAP, the Program and this Agreement shall control with respect to the requirements of the Program, and Section 42 of the Code and any such Extended Low Income Housing Agreement shall control with respect to the requirements of the eligibility for tax credits.

Compliance with Low-Income Housing Tax Credit Requirements. Nothing in this Agreement shall modify or affect any agreement to set-aside units in the Project that the Owner has made or may make with the LHC State Allocating Agency in any application for low-income housing tax credits under the Code with respect to such tax credits or in any Extended Low Income Housing Agreement executed or to be executed in connection therewith. In the event of any conflict, the QAP, the Program and this Agreement shall control with respect to the requirements of the Program, and Section 42 of the Code and any such Extended Low Income Housing Agreement shall control with respect to the requirements of the eligibility for tax credits.

Compliance with Low-Income Housing Tax Credit Requirements. Nothing in this Agreement shall modify or affect any agreement to set-aside units in the Project that the Owner has made or may make with the LHC in any application for low-income housing tax credits under the Code with respect to such tax credits or in any Extended Low Income Housing Agreement executed or to be executed in connection therewith. In the event of any conflict, the QAP, the Program and this Agreement shall control with respect to the requirements of the Program, and Section 42 of the Code and any such Extended Low Income Housing Agreement shall control with respect to the requirements of the eligibility for tax credits.

Compliance with Low-Income Housing Tax Credit Requirements. Nothing in this Agreement shall modify or affect any agreement to set-aside units in the Project that the Owner has made or may make with the LHC LHFA in any application for low-income housing tax credits under the Code with respect to such tax credits or in any Extended Low Income Housing Agreement executed or to be executed in connection therewith. In the event of any conflict, the QAP, the Program and this Agreement shall control with respect to the requirements of the Program, and Section 42 of the Code and any such Extended Low Income Housing Agreement shall control with respect to the requirements of the eligibility for tax credits.