Rental Activities. For rental activities, City shall provide a legally enforceable Land Use Restriction Agreement (XXXX) containing remedies adequate to enforce the affordability requirements of 24 CFR 92.252. The XXXX will have a term of twenty (20) years. Funds recaptured because housing no longer meets the affordability requirements under 24 CFR 92.252(e) are subject to the requirements of 24 CFR 92.503.
Appears in 4 contracts
Samples: Home Investment Partnerships Program Contract, Home Investment Partnerships Program Contract, Home Investment Partnerships Program Contract
