Process to Obtain Approval of Transfer of An Assisted Unit Sample Clauses

Process to Obtain Approval of Transfer of An Assisted Unit. In the event Owner desires to Transfer an Assisted Unit, prior to the Transfer the Owner shall notify the City by delivering a "Notice of Intent to Transfer" in the form attached hereto as Form 1 and Owner shall indicate in the Notice of Intent to Transfer whether Owner desires to attempt to locate an Eligible Person or Family to purchase the Assisted Unit at Affordable Housing Cost (a "Proposed Transferee") . In the event the Owner desires to locate a Proposed Transferee, the Owner shall have ninety (90) days from the date the City receives the Notice of Intent to Transfer within which to locate a Proposed Transferee. At such time as the Owner identifies a Proposed Transferee to whom Owner wishes to Transfer the Assisted Unit, the following process shall be followed:
Sample 1
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Related to Process to Obtain Approval of Transfer of An Assisted Unit

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