Common use of Period of Affordability Clause in Contracts

Period of Affordability. The length of time that HUD tenant guidelines, rent affordability, Housing Quality Standards and other compliance regulations apply to a particular project. The period of affordability will vary based on the HOME activity and the amount of subsidy provided to the project per 24 CFR Parts 92.252 and 92.254.

Appears in 2 contracts

Samples: Intergovernmental Agreement, Intergovernmental Agreement

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Period of Affordability. The length of time that HUD tenant guidelines, rent affordability, Housing Quality Standards and other compliance regulations apply to a particular project. The period of affordability will vary based on the HOME activity and the amount of subsidy provided to the project per 24 CFR Parts 92.252 and 92.254Part 92.252.

Appears in 1 contract

Samples: Intergovernmental Agreement

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Period of Affordability. The length of time that HUD tenant guidelines, rent affordability, Housing Quality Standards and other compliance regulations apply to a particular project. The period of affordability will vary based on the HOME activity and the amount of subsidy provided to the project per 24 CFR Parts Part 92.252 and 92.254.

Appears in 1 contract

Samples: Intergovernmental Agreement

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