Common use of Required Acceptance of Certain Grants and Vouchers Clause in Contracts

Required Acceptance of Certain Grants and Vouchers. Borrower shall accept tenant-based vouchers and/or grants from the Housing Choice Voucher Program and the Arlington County Department of Human Services Housing Grants Program as part of the rental payment from qualified households. The monthly rent remaining after these subsidies are applied will be used to determine if the resident income meets the minimum income requirement for prospective Tenants who are participants in the Housing Choice Voucher Program and/or the Supportive Housing Rental Assistance Program. The Borrower shall not be required to give preference to such participants over other qualified Income-Restricted Unit households.

Appears in 3 contracts

Samples: Fund Loan Agreement, Loan Agreement, Intercreditor and Subordination Agreement

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Required Acceptance of Certain Grants and Vouchers. Borrower shall accept tenant-based vouchers and/or grants from the Federal Housing Choice Voucher Program and the Arlington County Department of Human Services Housing Grants Grant Program as part of the rental payment from qualified households. The monthly rent remaining after these subsidies are applied will be used to determine if the resident income meets the minimum income requirement for prospective Tenants who are participants in the Federal Housing Choice Voucher Program and/or the Supportive Arlington County Housing Rental Assistance Grant Program. The Borrower shall not be required to give preference to such participants over other qualified Income-Restricted Unit households.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Required Acceptance of Certain Grants and Vouchers. Borrower shall accept tenant-based vouchers and/or grants from the Housing Choice Voucher Program and Program, the Arlington County Department of Human Services Housing Grants Program, and the Supportive Housing Rental Assistance Program as part of the rental payment from qualified households. The monthly rent remaining after these subsidies are applied will be used to determine if the resident income meets the minimum income requirement for prospective Tenants who are participants in the Housing Choice Voucher Program Program, Arlington County Department of Human Services Housing Grants Program, and/or the Supportive Housing Rental Assistance Program. The Borrower shall not be required to give preference to such participants over other qualified Income-Restricted Unit households.

Appears in 1 contract

Samples: Loan Agreement

Required Acceptance of Certain Grants and Vouchers. Borrower shall accept tenant-based vouchers and/or grants from the Housing Choice Voucher Program and the Arlington County Department of Human Services Housing Grants Program and nine (9) project-based vouchers from the Supportive Housing Rental Assistance Program as part of the rental payment from qualified households. The monthly rent remaining after these subsidies are applied will be used to determine if the resident income meets the minimum income requirement for prospective Tenants who are participants in the Housing Choice Voucher Program and/or the Supportive Housing Rental Assistance Program. The Borrower shall not be required to give preference to such participants over other qualified Income-Restricted Unit households.

Appears in 1 contract

Samples: Loan Agreement

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Required Acceptance of Certain Grants and Vouchers. Borrower shall accept tenant-based vouchers and/or grants from the Housing Choice Voucher Program and the Arlington County Department of Human Services Housing Grants Program as part of the rental payment from qualified households. The monthly rent remaining after these subsidies are applied will be used to determine if the resident income meets the minimum income requirement for prospective Tenants who are participants in the Housing Choice Voucher Program and/or the Supportive Housing Rental Assistance Program. The Borrower shall not be required to give preference to such participants over other qualified Income-Restricted Unit households.

Appears in 1 contract

Samples: Subordination Agreement

Required Acceptance of Certain Grants and Vouchers. Borrower shall accept tenant-based vouchers and/or tenant-based grants from the Housing Choice Voucher Program and the Arlington County Department of Human Services Housing Grants Program as part of the rental payment from qualified households. The monthly rent remaining after these subsidies are applied will be used to determine if the resident income meets the minimum income requirement for prospective Tenants who are participants in the Housing Choice Voucher Program and/or the Supportive Housing Rental Assistance Program. The Borrower shall not be required to give preference to such participants over other qualified Income-Restricted Unit households.

Appears in 1 contract

Samples: Loan Agreement

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