Common use of RENT LIMITATIONS Clause in Contracts

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six (56) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six seven (567) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six seventy (5670) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six twenty (5620) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftysixty-six eight (5668) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six one hundred ten (56110) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyseventy-six (5676) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyninety-six nine (5699) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyforty-six two (5642) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six sixty (5660) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyeighty-six two (5682) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftythirty-six two (5632) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six forty (5640) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six thirteen (5613) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftytwenty-six two (5622) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyforty-six one (5641) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyforty-six nine (5649) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six one hundred seven (56107) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyseventy-six eight (5678) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fiftyone hundred sixty-six seven (56167) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.

RENT LIMITATIONS. The maximum monthly rent (which includes the tenant-paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Developer for the fifty-six fifty (5650) Qualifying Units, as specified in Section 3.03(a), occupied by Low- to Moderate-Income Households, other than Extremely Low-Income Households, must be set at levels that are affordable to Low- to Moderate-Income Households. Such maximum monthly rent shall not exceed the higher of (a) High Home Investment Partnership (“HOME”) Rents (as defined under 24 C.F.R. 92.252 et seq.), as amended; as determined by HUD; and as published on an annual basis with adjustment for family size) or (b) exception rents allowed by HUD on project-based Section 8 properties pursuant to 24 C.F.R. Part 252(b)(2), as amended.