Increased Income of Tenant During Remainder Term Sample Clauses

Increased Income of Tenant During Remainder Term. Subject to Section 2.3(a)(1) above, in the event that, upon recertification of the income of a Tenant of a HOPWA Unit, the Borrower determines that the Tenant has an Adjusted Income exceeding the maximum qualifying income of a Very Low Income Household but does not exceed the qualifying limit for a Low Income Household, the Tenant may continue to occupy the Unit and, upon sixty (60) days written notice to the Tenant, the Borrower may increase the Tenant's Rent to the TCAC 60% Rent. The Borrower shall then rent the next available Unit to a Very Low Income Household to comply with the requirements of Section 2.1 above.
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