Common use of Use Restrictions; Monitoring and Reporting Clause in Contracts

Use Restrictions; Monitoring and Reporting. a. City and TCAH intend that the Property be forever held and operated solely and exclusively as affordable housing. Accordingly, TCAH hereby acknowledges and agrees that prior to recording the Deed, City shall cause to be recorded against the Property a Restrictive Covenant in the form of Exhibit C hereto, requiring that the Property be held and used only for affordable housing unless City and TCAH otherwise agree in writing.