Common use of Vacancies for Longer than 60 Days Clause in Contracts

Vacancies for Longer than 60 Days. If an assisted unit continues to be vacant after the period specified in paragraph (b) or (c) of this section, the Owner may apply to receive additional payments for the vacancy period in an amount equal to the principal and interest payments required to amortize that portion of the debt service attributable to the vacant unit (see Exhibit 2) for up to 12 additional months for the unit if:

Appears in 4 contracts

Samples: Housing Assistance, www.hud.gov, www.hud.gov

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