Low or Moderate Income Occupancy Requirement Sample Clauses

Low or Moderate Income Occupancy Requirement. (a) Twenty percent (20%) or more of the completed units of the Project (the "Low or Moderate Income Units") shall be occupied by Low or Moderate Income Tenants (as described in SECTION 3 hereof) continuously during the Qualified Project Period (the "Occupancy Requirement"). (b) A unit shall be treated as occupied by Low or Moderate Income Tenants until re-occupied, other than for a temporary period not to exceed 31 days, by another occupant, at which time the character of the unit shall be redetermined.
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