Common use of RIDER TO LEASE Clause in Contracts

RIDER TO LEASE. For Low Income Unit Tenancy in a Project Financed by New York State Housing Finance Agency Using Tax Exempt Bond Proceeds and Benefitting from Low-Income Housing Tax Credits Definitions1 Agency: the New York State Housing Finance Agency. Apartment: the rental income unit leased to Tenant as Tenant’s principal place of residence. Area Median Income (“AMI”): the area gross median income, as defined from time to time by the United States Department of Housing and Urban Development (“HUD”), applicable to the2 , adjusted for family size. Fee Owner: HFA; the New York State Housing Finance Agency. Initial Qualifying Household Income: Tenant’s initial household income must be at or below _% of AMI for Low Income Unit Tenancy. Owner: