HUD Requirements Sample Clauses

HUD Requirements. A. The Agreement and the HAP contract shall be interpreted and implemented in accordance with all statutory requirements, and will all HUD requirements, including amendments or changes in HUD requirements. The owner agrees to comply with all such laws and HUD requirements. B. HUD requirements are requirements that apply to the project-based voucher program. HUD requirements are issued by HUD Headquarters as regulations, Federal Register notices, or other binding program directives.

HUD Requirements. The HAP Contract shall be construed and administered in accordance with the RAD Notice. With the exception of the provisions of 24 C.F.R. Part 880 and section 8 of the Act that are identified in Appendix I and Appendix II of the RAD Notice, respectively, as inapplicable, the HAP Contract shall further be construed and administered in accordance with all statutory requirements and all HUD regulations and other requirements, including any amendments to and/or changes in statutory requirements, HUD regulations (including 24 C.F.R. Part 880), and other requirements. However, any changes in HUD requirements, except to the extent required by statute, that are inconsistent with the provisions of sections 2.5(a)(1) or 2.8 shall not be applicable.

HUD Requirements. Contractor agrees to comply with all relevant HUD requirements, including General Conditions for Non-Construction Contracts, form HUD-5370-C, Attachment “C” to the IFB.

HUD Requirements. Consultant agrees to comply with all relevant HUD requirements, including General Conditions for Non-Construction Contracts, form HUD-5370-C, Attachment “C” to the RFQ.

HUD Requirements. The Contract shall be construed and administered in accordance with Notice PIH 2012-32 (Notice). With the exception of the provisions of 24 C.F.R. Part 880 and section 8 of the Act that are identified in Appendix I and Appendix II of the Notice, respectively, as inapplicable, the Contract shall further be construed and administered in accordance with all statutory requirements and all HUD regulations and other requirements, including any amendments to and/or changes in statutory requirements, HUD regulations (including 24 C.F.R. Part 880), and other requirements.

HUD Requirements. For such period of time as the Company is seeking approval or is approved as a HUD-mortgagee, then the following provisions shall apply: (a) Holdings is hereby appointed as the initial Managing Agent and is designated to deal exclusively with the FHA in all aspects of the FHA mortgage insurance program, including, without limitation, the making of applications for mortgage insurance claims and collecting the benefits of mortgage insurance for the Company. In the event of any conflict between the provisions set forth in this Section 5.9(a) and any other provision of this Agreement, the provisions set forth in this Section 5.9(a) will take precedence over all other provisions of this Agreement with respect to all FHA matters. (b) Holdings may choose a Person other than itself to be the Managing Agent on the condition that there will at any time be one and only one Managing Agent with which FHA deals exclusively. Any such substitute Person shall have the rights and responsibilities of the Managing Agent under Section 5.9(a). Holdings may terminate any Managing Agent and choose a successor thereto. (c) If (i) the Managing Agent resigns or (ii) another Managing Agent is appointed, then the Company shall immediately advise FHA of such event and, if applicable, the name of the new Managing Agent. The Managing Agent shall inform FHA of any amendment to this Agreement that could affect the Company’s dealings with FHA and FHA-insured mortgages. (d) Prior to dissolution of the Company for any reason, the Managing Agent shall cause any FHA-insured mortgages owned or serviced by the Company to be transferred to another FHA-approved mortgage lender. (e) The Company shall have at least two Members. (f) The Managing Agent shall ensure that Holdings, all officers of the Company and all employees of the Company meet all requirements of HUD (including the requirements set forth in HUD Mortgagee Approval Handbook 4060.1 REV-2, as revised from time to time). (g) The Managing Agent shall report all changes in the business of the Company that the rules and regulations of HUD require to be reported from time to time. (h) The term of the Company shall not be less than the (10) years from its formation. The Company shall not dissolve or terminate simply as a result of the withdrawal of a Member or the death of a Member who is an individual.

HUD Requirements. The SPRAC shall be construed and administered in accordance with the SPRAC Final Notice, announced by Federal Register notice published on July 3, 2013, and posted on HUD’s website at xxxx://xxxxxx.xxx.xxx/hudportal/HUD?src=/program_offices/housing/mfh/presrv/presmfh/sprac_contracts. When HUD promulgates regulations for the Senior Preservation Rental Assistance program, those regulations will be applicable to SPRAC. The SPRAC shall further be construed and administered in accordance with all applicable statutory requirements, including the requirements under section 1.1(a).

HUD Requirements. The Project and all Units and common areas at the Site shall also meet the requirements described in paragraphs (i) through (iv) of this Section 1302.1(b):

HUD Requirements. All new con- struction projects must also meet the requirements described in this para- graph:

HUD Requirements. Attorney agrees to comply with all relevant HUD requirements including the Section 3 Clause, attached hereto as Exhibit C.