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
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) thirty-two (32) of the Income-Restricted Units in Xxxxxx Gardens Apartments complex shall be solely rented to and occupied by or, if vacant, available for occupancy by Very Low-Income Households with incomes at or below fifty percent (50%) of Area Median Income; and
(2) intentionally omitted; and
(3) the distribution of the Income-Restricted Units in Xxxxxx Gardens Apartments complex shall be as follows: One-bedroom 7 7 Two-bedroom 23 23 Four-bedroom 2 2 (b) Intentionally Omitted.
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Declarant covenants, declares and agrees that for the duration of the AHIF Affordability Compliance Period, at least thirty-two
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) nine (9) of the Income-Restricted Units in the Xxxxxxx Place East Apartments complex shall be solely rented to and occupied by or, if vacant, available for occupancy by Very Low-Income Households with incomes at or below forty percent (40%) of Area Median Income; and
(2) thirty-two (32) of the Income-Restricted Units in Xxxxxxx Place East Apartments complex shall be solely rented to and occupied by or, if vacant, available for occupancy by Very Low-Income Households with incomes at or below fifty percent (50%) of Area Median Income; and
(3) forty-two (42) of the Income-Restricted Units in Xxxxxxx Place East Apartments complex 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 Area Median Income; and
(4) the distribution of the Income-Restricted Units in Xxxxxxx Place East Apartments complex shall be as follows: One-bedroom 9 1 0 10 Two-bedroom 0 26 23 49 Three-bedroom 0 0 19 19
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) ninety (90) of the Income-Restricted Units in the Xxxxxxx Place West Apartments complex 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 Area Median Income; and
(2) the distribution of the Income-Restricted Units in Xxxxxxx Place West Apartments complex shall be as follows: Efficiency 17 17 One-bedroom 73 73 Two-bedroom 0 0 Three-bedroom 0 0
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) one hundred thirty two (132) of the Income-Restricted Units in Columbia Hills West Apartments complex 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 Area Median Income; and
(2) the distribution of the Income-Restricted Units in Columbia Hills West Apartments complex shall be as follows: Efficiency 48 48 One-bedroom 26 26 Two-bedroom 50 50 Three-bedroom 08 08
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) sixty-eight (68) of the Income-Restricted Units in Xxxxxx House II Improvements complex 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 Area Median Income; and
(2) the distribution of the Income-Restricted Units in Xxxxxx House II Improvements complex shall be as follows: 60%of AMI TOTAL One-bedroom 53 53 Two-bedroom 6 6 Three-bedroom 9 9
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) twenty six (26) of the Income-Restricted Units in the Clarendon Court Apartments complex shall be solely rented to and occupied by or, if vacant, available for occupancy by Very Low-Income Households with incomes at or below fifty percent (50%) of Area Median Income;
(2) seventy seven (77) of the Income-Restricted Units in the Clarendon Court Apartments complex 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 Area Median Income; and
(3) the distribution of the Income-Restricted Units in Clarendon Court Apartments complex shall be as follows: Efficiency 04 00 04 One-bedroom 11 51 62 Two-bedroom 10 23 33 Three-bedroom 01 03 04
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the AHIF Affordability Compliance Period:
(1) two-hundred eight (208) of the Income-Restricted Units in Xxxxxxxxx Garden 1 Apartments complex 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 Area Median Income; and
(2) two (2) of the Income-Restricted Units in Xxxxxxxxx Garden 1 Apartments complex shall be solely rented to and occupied by or, if vacant, available for occupancy by a Moderate-Income Household with an income at or below eighty percent (80%) of Area Median Income; and
(3) the distribution of the Income-Restricted Units in Xxxxxxxxx Garden 1 Apartments complex shall be as follows: Efficiency 128 1 129 One-bedroom 73 1 74 Two-bedroom 07 0 7 Three-bedroom 00 0 0
Income Eligibility and Occupancy Requirements for Income-Restricted Units. Borrower covenants and agrees that for the duration of the Affordability Compliance Period:
(1) Except with respect to all current Tenants, including lease renewals of such current Tenants (i.e., only with respect to new Tenants moving in after the Effective Date), all two-hundred ninety-four (294) of the Income-Restricted Units in the Park Shirlington Improvements complex shall be solely rented to and occupied by or, if vacant, available for occupancy by Low- and Moderate-Income Households with incomes at or below eighty percent (80%) of Area Median Income; and
