Extremely Low Income Units. During the Term Borrower shall cause three (3) Units to be rented to and occupied by or, if vacant, available for occupancy by, Extremely Low Income Households.
Extremely Low Income Units. During the Term Borrower shall cause six
Extremely Low Income Units. (i) At least _______ of the Units[, which shall be in addition to any units provided for in (A) and (B) of this Paragraph 3,] shall be leased to Extremely Low Income Tenants (“Extremely Low Income Units”). The tenants’ portions of monthly rent as of [insert termination date of the _________program restriction] for the Extremely Low Income Units are set forth in Exhibit B; Schedule Rents annexed hereto and incorporated herein. Until [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenants’ portions of rents may only be increased to the extent that rent increases would be permitted if the Project were still subject to the _______ program and must follow the procedures for determining the amount of the increase, as required by the program.
(ii) When a unit is or becomes vacant prior to [insert date 1 year from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the Grantor will take reasonable and diligent actions to rent the unit to a tenant qualified under the program until [insert date 2 years from the date of initial the Grantor is unable to fill such unit with a qualified tenant after taking reasonable and diligent actions, the Grantor may only fill such a unit with a non-qualifying tenant after notifying DHCD and providing DHCD with fourteen (14) days to identify a qualifying tenant.
(iii) In addition, for three (3) years beginning on [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenant’s portion of rent for those tenants who are “protected low-income tenants” as defined in the Act on [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)] may not be increased more than once annually by the amount permitted under M.G.L. c. 40T, § 7, as further detailed in such Regulations and guidance as may be issued by from time to time by DHCD to effectuate the purposes and implementation of such Section 7.
Extremely Low Income Units. (A) Subject to Subsection (e) below regarding Existing Tenants, during the HOPWA Term, Borrower shall cause ten (10) Units to be rented to and occupied by or, if vacant, available for occupancy by, Extremely Low Income Households which households are HOPWA-Eligible Households.
(B) During the Remainder Term Borrower shall cause ten (10) Units to be rented to and occupied by or, if vacant, available for occupancy by, Extremely Low Income Households, which households are not required to be HOPWA-Eligible Households.
Extremely Low Income Units. No fewer than four (4) of the County- Assisted Units shall be rented to and occupied by or, if vacant, available for occupancy by Extremely Low Income Households.
Extremely Low Income Units. (A) During the HOPWA Term, Borrower shall cause five (5) Units to be rented to and occupied by or, if vacant, available for occupancy by, Extremely Low Income Households which households are HOPWA-Eligible Households.
(B) During the Remainder Term Borrower shall cause five (5) Units to be rented to and occupied by or, if vacant, available for occupancy by, Extremely Low Income Households, which households are not required to be HOPWA-Eligible Households.
Extremely Low Income Units. At least _______ of the Units shall be leased to Extremely Low Income Tenants (“Extremely Low Income Units”). The tenants’ portions of monthly rent as of [insert termination date of the _________program restriction] for the Extremely Low Income Units are set forth in Exhibit B; Schedule Rents annexed hereto and incorporated herein. Until [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenants’ portions of rents may only be increased to the extent that rent increases would be permitted if the Project were still subject to the _______ program and must follow the procedures for determining the amount of the increase, as required by the _______ program. In addition, for three (3) years beginning on [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)], the tenant’s portion of rent for those tenants who are “protected low-income tenants” as defined in the Act on [insert date 2 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)] may not be increased more than once annually by the amount permitted under M.G.L. c. 40T, § 7, as further detailed in such Regulations and guidance as may be issued by from time to time by DHCD to effectuate the purposes and implementation of such Section 7.
Extremely Low Income Units. During the Term Developer shall cause
Extremely Low Income Units. During the Term, Borrower shall rent nine
Extremely Low Income Units. Forty-Six (46) of the Units shall be rented to and occupied by or, if vacant, available for occupancy by Extremely Low Income Households.
