Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established in Section 4.04(a) above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.
Appears in 1 contract
Samples: Loan Agreement
Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.D.C. Metropolitan
Appears in 1 contract
Samples: Loan Agreement
