Common use of Marketing and Sale To An Eligible Purchaser Clause in Contracts

Marketing and Sale To An Eligible Purchaser. 1. The Developer shall market and offer for Sale the Affordable Units solely to Eligible Purchasers (as defined below) or with the approval of Declarant to a “Designated Housing Provider” (as defined below). A “Designated Housing Provider” is any of the following: (i) Workforce Housing Land Trust (The Workforce Housing Production Program Approval Act of 2006, effective 27 March 14, 2007), (D.C. Law 16-278; D.C. Official Code §6- 1061.01 et seq.(2008 Supp.); (ii) District of Columbia Housing Authority; or (iii) any non-profit organization authorized by DHCD.

Appears in 5 contracts

Samples: Affordable Housing Covenant, Affordable Housing Covenant, Affordable Housing Covenant

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