Use of Eligible Multifamily Property. During the Term of this Agreement, the Owner will commit to the Program a set aside for Eligible Applicants and make available for occupancy by Eligible Applicants on a continuous basis (_10/20/etc_) Assisted Units under this Agreement and an additional (_10/20/etc_) Assisted Units committed by development owners under the TDHCA Multifamily Housing Development Program Applications identified in the second paragraph of page one of this Agreement, for a total of (_20/30/etc_) Assisted Units on the Eligible Multifamily Property. Assisted Units Requirements. An Assisted Unit must meet the following requirements: The Assisted Unit does not have an existing use restriction for Persons with Disabilities. The Assisted Unit has not been receiving any federal, state, or local project-based rental assistance or long-term operating assistance for the last six months. The Assisted Unit does not have an existing use limited for persons 62 or older. If the Assisted Unit has an existing income or rent restriction, that restriction must be for an income or rent greater than thirty percent (30%) of the median family income for the area. The types (e.g., accessible) and the specific number of Assisted Units (e.g., units 101, 201, etc.) will be “floating” (flexible) depending on the needs of the Program and the availability of the Assisted Units on the Eligible Multifamily Property.
Use of Eligible Multifamily Property. During the Term of this Agreement, the Owner will commit to the Program a set aside for Eligible Applicants and make available for occupancy by Eligible Applicants on a continuous basis (_10/20/etc_) Assisted Units under this Agreement and an additional (_10/20/etc_) Assisted Units committed by development owners under the TDHCA Multifamily Housing Direct Loan Program Applications identified in the second paragraph of page one of this Agreement, for a total of (_20/30/etc_) Assisted Units on the Eligible Multifamily Property.
