Residency preferences. Local resi- dency requirements are prohibited. Local residency preferences may be ap- plied in selecting tenants only to the extent that they are not inconsistent with affirmative fair housing mar- keting objectives and the owner’s HUD- approved AFHM Plan. With respect to any residency preference, persons ex- pected to reside in the community as a result of current or planned employ- ment will be treated as residents. [49 FR 24641, June 14, 1984, as amended at 60 FR 14841, Mar. 20, 1995] A project constructed or substan- tially rehabilitated with a housing de- velopment grant is not subject to State or local rent control unless the rent control requirements or agreements (a) (1) were entered into under a State law or local ordinance of general applica- bility that was enacted and in effect in the jurisdiction before November 30, 1983 and (2) apply generally to rental housing projects not assisted under the Housing Development Grant Program, or (b) are imposed under this subpart. State and local rent controls expressly preempted by this section include, but are not limited to, rent laws or ordi- nances, rent regulating agreements, rent regulations, occupancy agree- ments, or financial penalties for failure to achieve certain occupancy or rent projections. Assistance provided under this part shall constitute a debt of the owner (including its successors in interest) to the grantee, and shall be secured by a mortgage or other security instrument. The debt shall be repayable in the event of a substantive, uncorrected vio- lation by an owner of the obligations contained in paragraphs (b), (c), (d) and
Appears in 6 contracts
Samples: Project Management Agreement, Project Management Agreement, Project Management Agreement
