Common use of HOME-Assisted Unit Compliance Deadline Clause in Contracts

HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very Low Income Household pursuant to Section 2.1(a) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan Funds, with interest, in accordance with Section 2.10(c) of the Loan Agreement.

Appears in 3 contracts

Samples: Home Regulatory Agreement, Home Regulatory Agreement, Home Regulatory Agreement

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HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very Low Income Household pursuant to Section 2.1(a2.1(b) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan FundsHOME Loan, with interest, in accordance with Section 2.10(c2.8(c) of the Loan Agreement.

Appears in 2 contracts

Samples: Home/Hopwa Regulatory Agreement, Home/Hopwa Regulatory Agreement

HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very an Extremely Low Income Household pursuant to Section 2.1(a2.1(b) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan FundsHOME Loan, with interest, in accordance with Section 2.10(c2.8(c) of the Loan Agreement.

Appears in 1 contract

Samples: Home/Hopwa Regulatory Agreement

HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very Low Income Household pursuant to Section 2.1(a2.1(b) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan Xxxxx Funds, with interest, in accordance with Section 2.10(c) of the Loan Agreement.

Appears in 1 contract

Samples: Home/Hopwa Regulatory Agreement

HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very an Extremely Low Income Household pursuant to Section 2.1(a) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan FundsLoan, with interest, in accordance with Section 2.10(c2.8(c) of the Loan Agreement.

Appears in 1 contract

Samples: Home Regulatory Agreement

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HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by an Extremely Low Income Household or a Very Low Income Household pursuant to this Section 2.1(a) 2.1 on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan FundsHOME Loan, with interest, in accordance with Section 2.10(c2.8(c) of the Loan Agreement.

Appears in 1 contract

Samples: Regulatory Agreement and Declaration of Restrictive Covenants

HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very Low Income Household Household, Forty Percent Income Household, or Sixty Percent Income Household, as applicable, pursuant to Section 2.1(a2.1(b) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan FundsHOME Loan, with interest, in accordance with Section 2.10(c2.8(c) of the Loan Agreement.

Appears in 1 contract

Samples: Home/Hopwa Regulatory Agreement

HOME-Assisted Unit Compliance Deadline. Each HOME-Assisted Unit must be rented to and occupied by a Very an Extremely Low Income Household pursuant to Section 2.1(a) on or before the date that occurs eighteen (18) months after the Completion Date. If Borrower fails to comply with this requirement, Borrower shall repay a portion of the New County Loan Funds, with interest, in accordance with Section 2.10(c2.8(c) of the Loan Agreement.

Appears in 1 contract

Samples: Home Regulatory Agreement

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