Initial Rent. Estimated initial rent to owner shall be established within a period consistent with the MOA by the host PHA. The initial contract rents for each unit shall not exceed the amount authorized per 24 CFR 983.301. The standards of the host PHA’s Payment Standards, Utility Allowances, Rent Reasonableness Standards, and HQS will apply. The Parties agree that the project developer shall maintain separate and distinct AHAP and HAP agreements for each participating PHA.
Appears in 3 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
Initial Rent. Estimated initial rent to owner shall be established within a period consistent with the MOA (2017 agreement) by the host PHA. The initial contract rents for each unit shall not exceed the amount authorized per 24 CFR 983.301. The standards of the host PHA’s Payment Standards, Utility Allowances, Rent Reasonableness Standards, and HQS will apply. The Parties agree that the project developer shall maintain separate and distinct AHAP and HAP agreements for each participating PHA.
Appears in 1 contract
Samples: Memorandum of Agreement for Interjurisdictional Mobility
