Increased Income of HOPWA-Eligible Household During HOPWA Term. If, upon the annual certification of the income of a HOPWA-Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(1) above. Borrower shall then rent the next available HOPWA- Assisted Unit to an Extremely Low Income Household that is also a HOPWA-Eligible Household, to comply with the requirements of Section 2.1(a)(1) above. Any Rent increase is subject to Section 2.3 above.
Appears in 2 contracts
Samples: Home/Hopwa Regulatory Agreement, Home/Hopwa Regulatory Agreement
Increased Income of HOPWA-Eligible Household During HOPWA Term. If, If upon the annual certification of the income of a HOPWA-Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income Household, Household the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(1) above. Borrower shall then rent the next available HOPWA- Assisted Unit to an Extremely Low Income Household that is also a HOPWA-Eligible Household, to comply with the requirements of Section 2.1(a)(1) above. Any Rent increase is subject to Section 2.3 above.
Appears in 2 contracts
Samples: Home/Hopwa Regulatory Agreement, Home/Hopwa Regulatory Agreement
Increased Income of HOPWA-Eligible Household During HOPWA Term. IfSubject to Section 2.3(a)(1) above, in the event that, upon the annual certification recertification of the income of a HOPWA-HOPWA Eligible Household during the HOPWA Term, the Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely a Very Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent be charged rent consistent with Section 2.2(a)(12.2(b)(1) above. The Borrower shall then rent the next available HOPWA- Assisted HOPWA Unit to an Extremely a Very Low Income Household that is also a HOPWA-HOPWA Eligible Household, Household to comply with the requirements of Section 2.1(a)(12.1(b) above. Any Rent increase is subject to Section 2.3 above.
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive Covenants
Increased Income of HOPWA-Eligible Household During HOPWA Term. If, upon If the annual certification of the income of a HOPWA-HOPWA Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(12.2(a) above. Borrower shall then rent the next available HOPWA- Assisted HOPWA Unit to an Extremely Low Income Household that is also a HOPWA-HOPWA Eligible Household, to comply with the requirements of Section 2.1(a)(1) above. Any Rent increase is subject to Section 2.3 2.3(a) above.
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive Covenants
Increased Income of HOPWA-Eligible Household During HOPWA Term. If, upon the annual certification of the income of a HOPWA-Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely a Very Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(12.2(a) above. Borrower shall then rent the next available HOPWA- County-Assisted Unit to an Extremely a Very Low Income Household that is also a HOPWA-Eligible Household, to comply with the requirements of Section 2.1(a)(12.1(a) above. Any Rent increase is subject to Section 2.3 above.
Appears in 1 contract
Increased Income of HOPWA-Eligible Household During HOPWA Term. If, upon the annual certification of the income of a HOPWA-Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(1) above. Borrower shall then rent the next available HOPWA- HOPWA-Assisted Unit to an Extremely Low Income Household that is also a HOPWA-Eligible Household, to comply with the requirements of Section 2.1(a)(1) above. Any Rent increase is subject to Section 2.3 above.
Appears in 1 contract
Samples: Hopwa Regulatory Agreement
Increased Income of HOPWA-Eligible Household During HOPWA Term. If, If upon the annual certification of the income of a HOPWA-HOPWA Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income Household, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(1) above. Borrower shall then rent the next available HOPWA- Assisted HOPWA Unit to an Extremely Low Income Household that is also a HOPWA-HOPWA Eligible Household, to comply with the requirements of Section 2.1(a)(1) above. Any Rent increase is subject to Section 2.3 above.
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive Covenants
Increased Income of HOPWA-Eligible Household During HOPWA Term. If, If upon the annual certification of the income of a HOPWA-Eligible Household during the HOPWA Term, Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of an Extremely Low Income HouseholdHousehold or Forty Percent Income Household as applicable, the Tenant may continue to occupy the Unit and Borrower shall continue to charge such Tenant Rent consistent with Section 2.2(a)(1) above. Borrower shall then rent the next available HOPWA- comparable HOPWA-Assisted Unit to an Extremely Low Income Household or Forty Percent Income Household as applicable, that is also a HOPWA-Eligible Household, to comply with the requirements of Section 2.1(a)(1) and Section 2.1(a)(2) above. Any Rent increase is subject to Section 2.3 above.
Appears in 1 contract
Samples: Home/Hopwa Regulatory Agreement