Determine Product Type Clause Samples

Determine Product Type. The RVMA, with the approval of the County, shall decide on the product type to be constructed based on need, cost, and financial capabilities of the RVMA to assist in financing the affordable housing, if required. i. The RVMA shall assemble a development team consistent with the needs identified in the needs assessment. The RVMA shall select a developer for a project or undertake the project with the RVMA as developer by hiring the architect and construction company. ii. The RVMA shall create the affordable housing guidelines and deed restrictions that will govern the program subject to the approval of the County. The RVMA shall review these guidelines and deed restrictions with the Director and other County officials and shall obtain the consent of the County prior to finalizing such guidelines. iii. The RVMA shall solicit employers/renters/owners to determine the need for specific product types at the proposed rent/sale price ranges. The County and the RVMA shall jointly determine the level of interest to confirm actual need and further support such need to a lender.