Income Eligibility and Occupancy Requirements for Income-Restricted Units Sample Clauses

Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
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Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that beginning the Effective Date, and continuing for the duration of the AHIF Affordability Compliance Period, all twenty-one (21) of the apartment units in the Xxxxxxx Xxxxxxx Apartments shall be restricted and designated as Income-Restricted Units and shall be solely rented to and occupied by or, if vacant, available for occupancy by Low-Income Households with incomes at or below sixty percent (60%) of AMI, as outlined below: Unit Size 60%* of AMI Two-bedroom 11 TOTAL 21
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Income Eligibility and Occupancy Requirements for Income-Restricted Units. Declarant covenants, declares and agrees that beginning the Effective Date, and continuing for the duration of the Affordability Compliance Period, at least two hundred ninety-four (294) of the apartment units on Park Shirlington Real Property shall be designated as Income-Restricted Units and, only with respect to new residents first executing a lease and moving in after the Effective Date, shall be rented to and occupied by or, if vacant, available for occupancy by Income- Restricted Households. The distribution of the Income-Restricted Units on the Property shall be as follows: 80%of AMI TOTAL One-bedroom 57 57 Two-bedroom 223 223 Three-bedroom 14 9 TOTAL 294 294
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Related to Income Eligibility and Occupancy Requirements for Income-Restricted Units

  • INCOME RESTRICTIONS The Grantee agrees that any refunds, rebates, credits, or other amounts (including any interest thereon) accruing to or received by the Grantee under this Agreement shall be paid by the Grantee to the State, to the extent that they are properly allocable to costs for which the Grantee has been reimbursed by the State under this Agreement.

  • RECORDS USAGE, DUPLICATION AND REDISCLOSURE RESTRICTIONS USAC and the Department agree to these restrictions on use, duplication, and disclosure of information furnished by the other Party:

  • Records Availability and Retention Records of Contractor’s costs, reimbursable expenses pertaining to the Project and payments shall be available to Owner or its authorized representative during business hours and shall be retained for four (4) years after final Payment or abandonment of the Project, unless Owner otherwise instructs Contractor in writing.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • TEMPORARY RESTRICTIONS ON ACCESS TO RESIDENCE UCF DHRL may temporarily restrict access to residences in cases where the Student has an outstanding balance and attempts to communicate with the Student regarding the balance have been unsuccessful.

  • Treatment of Passthru Payments and Gross Proceeds The Parties are committed to work together, along with Partner Jurisdictions, to develop a practical and effective alternative approach to achieve the policy objectives of foreign passthru payment and gross proceeds withholding that minimizes burden.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Occupancy Requirements Residence hall space may be occupied only by the student with whom this agreement is made. The agreement may not be assigned, and residence hall space may not be sublet, rented to, or otherwise shared with or another person. a Guest Limitations: Students are responsible for the actions and any damages incurred by their guests.

  • CONTRIBUTIONS TO COMPANY WEBSITE Xxxxxxx Roofing may provide an area for our user and members to contribute feedback to our website. When you submit ideas, documents, suggestions and/or proposals ("Contributions") to our site, you acknowledge and agree that:

  • Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion - Lower Tier Covered Transactions (a) The prospective lower tier participant certifies, by submission of this proposal, that neither it nor its principals is presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in this transaction by any federal department or agency.

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