Common use of Flood Insurance Applicability Clause in Contracts

Flood Insurance Applicability. If the preceding box is checked, the Owner agrees that the project will be covered, during the life of the property, regardless of transfer of ownership, by flood insurance in an amount at least equal to its development or project cost (less estimated land cost) or to the maximum limit of coverage made available with respect to the particular type of property under the National Flood Insurance Act of 1968, whichever is less. Signature Page Warning: 18 U.S.C. 1001 provides, among other things, that whoever knowingly and willfully makes or uses any writing containing any materially false, fictitious, or fraudulent statement or entry, in any matter within the jurisdiction of the executive branch of the Government of the United States, shall be fined not more than $10,000 or imprisoned for not more than five years, or both. As evidenced by the signature below of their authorized representative, the Owner and HUD hereby agree to the terms of this HAP Contract, the scope of which is set forth in section 1.2(a) of the HAP Contract. Owner Name of Owner (Print or Type) By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): United States of America Secretary of Housing and Urban Development By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): Exhibit 1A Initial Schedule of Contract Units and Contract Rents Number of Contract Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent

Flood Insurance Applicability. If the preceding box is checked, the Owner agrees that the project will be covered, during the life of the property, regardless of transfer of ownership, by flood insurance in an amount at least equal to its development or project cost (less estimated land cost) or to the maximum limit of coverage made available with respect to the particular type of property under the National Flood Insurance Act of 1968, whichever is less. Signature Page Warning: 18 U.S.C. 1001 provides, among other things, that whoever knowingly and willfully makes or uses any writing containing any materially false, fictitious, or fraudulent statement or entry, in any matter within the jurisdiction of the executive branch of the Government of the United States, shall be fined not more than $10,000 or imprisoned for not more than five years, or both. As evidenced by the signature below of their authorized representative, the Owner and HUD the PHA hereby agree to the terms of this HAP Contract, the scope of which is set forth in section 1.2(a1.1(g) of the HAP Contract. Owner Public Housing Agency Name of Owner Public Housing Agency (Print or Type) By __________________________________________________________ By: Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): United States Owner Name of America Secretary of Housing and Urban Development By Owner (Print or Type) __________________________________________________________ By: Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ Date (mm/dd/yyyy): Approved by: United States of America Secretary of Housing and Urban Development By: Signature of authorized representative Name of Signatory (Print or Type) Official Title (Print or Type) _ Date (mm/dd/yyyy): Exhibit 1A Initial Schedule of Contract Units and Contract Rents Number of Contract Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent

Flood Insurance Applicability. If the preceding box is checked, the Owner agrees that the project will be covered, during the life of the property, regardless of transfer of ownership, by flood insurance in an amount at least equal to its development or project cost (less estimated land cost) or to the maximum limit of coverage made available with respect to the particular type of property under the National Flood Insurance Act of 1968, whichever is less. Signature Page Warning: 18 U.S.C. 1001 provides, among other things, that whoever knowingly and willfully makes or uses any writing containing any materially false, fictitious, or fraudulent statement or entry, in any matter within the jurisdiction of the executive branch of the Government of the United States, shall be fined not more than $10,000 or imprisoned for not more than five years, or both. As evidenced by the signature below of their authorized representative, the Owner and HUD hereby agree to the terms of this HAP Contract, the scope of which is set forth in section 1.2(a) of the HAP Contract. Owner Name of Owner (Print or Type) By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): United States of America Secretary of Housing and Urban Development By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Xxxxxx X. Xxxxx Official Title (Print or Type) _ _ _ Director, Office of Recapitalization Date (mm/dd/yyyy): Exhibit 1A Initial Schedule of Contract Units and Contract Rents Number of Contract Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent