FUNDING FOR AFFORDABLE HOUSING is comprised of Federal Funds, Provincial Funds and City Funds, if applicable. Federal Funds, Provincial Funds and City Funds will be advanced to the Proponent in the form of a Loan, during the Development Activities.
FUNDING FOR AFFORDABLE HOUSING. 2.1 The Proponent agrees to advance as its equity contribution to the Project the amount of XXXX in the form of a contribution of land, on or before Occupancy is permitted in the Project, and provide written confirmation to the County that the equity contribution has been advanced.
FUNDING FOR AFFORDABLE HOUSING. 2.1 The Proponent agrees to advance as its equity contribution to the Project the amount of XX million, XX hundred XX thousand dollars ($X,XXX,XXX) on or before the commencement of Development Activities and provide written confirmation to the City that the equity contribution has been advanced.
FUNDING FOR AFFORDABLE HOUSING is comprised of Funds held by the County. Funds will be advanced to the Proponent in the form of a Loan, during the Development Activities.
FUNDING FOR AFFORDABLE HOUSING. 2.1 The Proponent agrees and understands that construction of the Project shall commence within 120 days of the Date of Commitment; otherwise, Funding for the Project may be cancelled.
FUNDING FOR AFFORDABLE HOUSING. This Interlocal Agreement (“Agreement”) is entered into by and among Broward County, a political subdivision of the State of Florida (the “County”), the City of Hollywood, a Florida municipal corporation (the “City”), and the City of Hollywood Community Redevelopment Agency (the “CRA”) (collectively, the County, the City, and the CRA are the “Parties”).
FUNDING FOR AFFORDABLE HOUSING. 3.1 In accordance with Program Guidelines, the Proponent being a Charitable Organization is not required to advance a minimum equity contribution.
FUNDING FOR AFFORDABLE HOUSING. 2.1 The Proponent agrees and understands that construction of the Project shall commence within three (3) months of signing this Contribution Agreement.
FUNDING FOR AFFORDABLE HOUSING. 2.1 Subject to the terms and conditions of this Contribution Agreement, the City will provide the Proponent a Loan in an amount up to [LOAN AMOUNT] to be applied to the Project.
FUNDING FOR AFFORDABLE HOUSING. 2.1 The Proponent agrees to provide proof of equity in the amount of a minimum 10% of the total cost of the project.
