Income Eligibility. The units will be leased to individuals whose income levels AFFORDABILITY PERIOD: Units shall remain affordable for not less than twenty (20) years. ELIGIBLE TENANTS: All units will be rented to Eligible Tenants at or below 60% of INCOME VERIFICATION: DCLT will verify tenant’s income using the Section 8 MONTHLY RENTS: Four units will be subject to the Low HOME Rent limits and UTILITY PAYMENTS: The following utility payments will be included in the monthly
Appears in 6 contracts
Samples: Forgivable Construction/Permanent Loan Agreement, Forgivable Construction/Permanent Loan Agreement, Forgivable Construction/Permanent Loan Agreement
