Common use of Payment of Rental Assistance Clause in Contracts

Payment of Rental Assistance. (a) CMHC will provide monthly disbursements of the Rental Assistance to the Housing Provider for the term of this Agreement, and any extension thereof, equal to the difference between the Rent-Geared-to-Income Housing Charge payable by Assisted Households to the Housing Provider in accordance with this Agreement, and the Occupancy Charge. Notwithstanding the Rental Assistance amount set out in Schedule “B” of this Agreement, the Rental Assistance may be subject to adjustment in accordance with the terms of this Agreement. (b) In any given year, should the sum of Rental Assistance actually paid to the Housing Provider exceed the Rental Assistance required to be provided to Assisted Households during that year, the Housing Provider shall promptly refund all excess amounts to CMHC through the reconciliation activity outlined in Section 9(d). (c) The Housing Provider shall adjust annually the Rent-Geared-to-Income Housing Charge payable by an Assisted Household occupying an Assisted Housing Unit in accordance with the twelve (12) month verification of the income and Household composition of the said Assisted Household and the calculations described in Schedule “D”. (d) No payments shall be paid by CMHC with respect to an Assisted Housing Unit for any period of time during which it was not occupied by an Assisted Household, except as otherwise provided under this Agreement. (e) Notwithstanding any other provisions of this Agreement, payment of the funding under this Agreement is subject to the necessary appropriations from Parliament. No liability will attach CMHC in the case of no or insufficient appropriations. (f) It is understood and agreed by the Parties hereto that the calculations of Rental Assistance and Transitional Funding, where applicable, rendered by CMHC under this Agreement may not be definitive and are subject to review by CMHC at its sole discretion. This includes, but is not limited to, any errors, discrepancies and/or omissions in the information provided by the Housing Provider to CMHC. In such event, the Housing Provider agrees that any surplus in the Rental Assistance that has been disbursed by CMHC based on any discrepancies in the original calculations will be promptly refunded to CMHC through the reconciliation activity as outlined in Section 9(d). (g) CMHC may increase the Rental Assistance provided under Schedule “B” as a result of the Housing Provider’s increase in the Occupancy Charge, provided that such increase be comparable to market rent increases or supported by other relevant financial data.

Payment of Rental Assistance. (a) CMHC will provide monthly disbursements of the Rental Assistance to the Housing Provider for the term of this Agreement, and any extension thereof, equal to the difference between the Rent-Geared-to-Income Housing Charge payable by Assisted Households to the Housing Provider in accordance with this Agreement, and the Occupancy Charge. Notwithstanding the Rental Assistance amount set out in Schedule “B” of this Agreement, the Rental Assistance may be subject to adjustment in accordance with the terms of this Agreement. (b) In any given year, should the sum of Rental Assistance actually paid to the Housing Provider exceed the Rental Assistance required to be provided to Assisted Households during that year, the Housing Provider shall promptly refund all excess amounts to CMHC through the reconciliation activity outlined in Section 9(d). (c) The Housing Provider shall adjust annually the Rent-Geared-to-Income Housing Charge payable by an Assisted Household occupying an Assisted Housing Unit in accordance with the twelve (12) month verification of the income and Household composition of the said Assisted Household and the calculations described in Schedule “D”. (d) No payments shall be paid by CMHC with respect to an Assisted Housing Unit for any period of time during which it was not occupied by an Assisted Household, except as otherwise provided under this Agreement. (e) Notwithstanding any other provisions of this Agreement, payment of the funding under this Agreement is subject to the necessary appropriations from Parliament. No liability will attach CMHC in the case of no or insufficient appropriations. (f) It is understood and agreed by the Parties hereto that the calculations of Rental Assistance and Transitional Funding, where applicable, rendered by CMHC under this Agreement may not be definitive and are subject to review by CMHC at its sole discretion. This includes, but is not limited to, any errors, discrepancies and/or omissions in the information provided by the Housing Provider to CMHC. In such event, the Housing Provider agrees that any surplus in the Rental Assistance that has been disbursed by CMHC based on any discrepancies in the original calculations will be promptly refunded to CMHC through the reconciliation activity as outlined in Section 9(d).. Void agreement (g) CMHC may increase the Rental Assistance provided under Schedule “B” as a result of the Housing Provider’s increase in the Occupancy Charge, provided that such increase be comparable to market rent increases or supported by other relevant financial data.

Payment of Rental Assistance. (a) CMHC will provide monthly disbursements of the Rental Assistance to the Housing Provider for the term of this Agreement, and any extension thereof, equal to the difference between the Rent-Geared-to-to- Income Housing Charge payable by Assisted Households to the Housing Provider in accordance with this Agreement, and the Occupancy Charge. Notwithstanding the Rental Assistance amount set out in Schedule “B” of this Agreement, the Rental Assistance may be subject to adjustment in accordance with the terms of this Agreement. (b) In any given year, should the sum of Rental Assistance actually paid to the Housing Provider exceed the Rental Assistance required to be provided to Assisted Households during that year, the Housing Provider shall promptly refund all excess amounts to CMHC through the reconciliation activity outlined in Section 9(d). (c) The Housing Provider shall adjust annually the Rent-Geared-to-Income Housing Charge payable by an Assisted Household occupying an Assisted Housing Unit in accordance with the twelve (12) month verification of the income and Household composition of the said Assisted Household and the calculations described in Schedule “D”. (d) No payments shall be paid by CMHC with respect to an Assisted Housing Unit for any period of time during which it was not occupied by an Assisted Household, except as otherwise provided under this Agreement. (e) Notwithstanding any other provisions of this Agreement, payment of the funding under this Agreement is subject to the necessary appropriations from Parliament. No liability will attach CMHC in the case of no or insufficient appropriations. (f) It is understood and agreed by the Parties hereto that the calculations of Rental Assistance and Transitional Funding, where applicable, rendered by CMHC under this Agreement may not be definitive and are subject to review by CMHC at its sole discretion. This includes, but is not limited to, any errors, discrepancies and/or omissions in the information provided by the Housing Provider to CMHC. In such event, the Housing Provider agrees that any surplus in the Rental Assistance that has been disbursed by CMHC based on any discrepancies in the original calculations will be promptly refunded to CMHC through the reconciliation activity as outlined in Section 9(d). (g) CMHC may increase the Rental Assistance provided under Schedule “B” as a result of the Housing Provider’s increase in the Occupancy Charge, provided that such increase be comparable to market rent increases or supported by other relevant financial data.

Payment of Rental Assistance. (a) CMHC will provide monthly disbursements of the Rental Assistance to the Housing Provider for the term of this Agreement, and any extension thereof, equal to the difference between the Rent-Geared-Geared- to-Income Housing Charge payable by Assisted Households to the Housing Provider in accordance with this Agreement, and the Occupancy Charge. Notwithstanding the Rental Assistance amount set out in Schedule “B” of this Agreement, the Rental Assistance may be subject to adjustment in accordance with the terms of this Agreement. (b) In any given year, should the sum of Rental Assistance actually paid to the Housing Provider exceed the Rental Assistance required to be provided to Assisted Households during that year, the Housing Provider shall promptly refund all excess amounts to CMHC through the reconciliation activity outlined in Section 9(d). (c) The Housing Provider shall adjust annually the Rent-Geared-to-Income Housing Charge payable by an Assisted Household occupying an Assisted Housing Unit in accordance with the twelve (12) month verification of the income and Household composition of the said Assisted Household and the calculations described in Schedule “D”. (d) No payments shall be paid by CMHC with respect to an Assisted Housing Unit for any period of time during which it was not occupied by an Assisted Household, except as otherwise provided under this Agreement. (e) Notwithstanding any other provisions of this Agreement, payment of the funding under this Agreement is subject to the necessary appropriations from Parliament. No liability will attach CMHC in the case of no or insufficient appropriations. (f) It is understood and agreed by the Parties hereto that the calculations of Rental Assistance and Transitional Funding, where applicable, rendered by CMHC under this Agreement may not be definitive and are subject to review by CMHC at its sole discretion. This includes, but is not limited to, any errors, discrepancies and/or omissions in the information provided by the Housing Provider to CMHC. In such event, the Housing Provider agrees that any surplus in the Rental Assistance that has been disbursed by CMHC based on any discrepancies in the original calculations will be promptly refunded to CMHC through the reconciliation activity as outlined in Section 9(d). (g) CMHC may increase the Rental Assistance provided under Schedule “B” as a result of the Housing Provider’s increase in the Occupancy Charge, provided that such increase be comparable to market rent increases or supported by other relevant financial data.