Common use of Land Use Restriction Agreement Clause in Contracts

Land Use Restriction Agreement. In connection with the final allocation of low-income housing tax credits to the Project by the Authority, the Owner shall execute and deliver a land use restriction agreement (the "Land Use Restriction Agreement") which shall incorporate the covenants and agreements of the Owner set forth in Sections 2 and 3 hereof, provisions for regulation and enforcement by the Authority, and such additional provisions as may be necessary to assure compliance with Section 42 of the Code or to give effect to requirements of the Authority.

Appears in 4 contracts

Samples: Housing Tax Credit Carryover Allocation Agreement, Low Income Housing Tax Credit Carryover Allocation Agreement, Carryover Allocation Agreement

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