Common use of Homeownership affordability qualifications Clause in Contracts

Homeownership affordability qualifications. The Recipient shall ensure that the Homeownership affordability requirements, as set forth in 12 C.F.R. § 1807.400 et seq., and the following requirements are met for any Homeownership Project annually, as applicable during its Affordability Period and for each year that the Recipient has an Affordability Period in effect.

Homeownership affordability qualifications. The Recipient shall ensure that the Homeownership affordability requirements, as set forth in 12 C.F.R. § 1807.400 et seq., and the following requirements are met for any Homeownership Project annually, as applicable during its project undergoing an Affordability Period and for each year that the Recipient has an Affordability Period in effect.place (provided that Section 5.3(a) shall only be required beginning after the end of the Investment Period):

Homeownership affordability qualifications. The Recipient shall ensure that the Homeownership affordability requirements, as set forth in 12 C.F.R. § 1807.400 et seq., and the following requirements are met for any Homeownership Project annually, as applicable during its Affordability Period and for each year that the Recipient has an Affordability Period in effect.