Workforce Housing Deed of Trust. A deed of trust securing the repayment of the loan made by the City to an Eligible Buyer representing the Workforce Housing Discount, plus the Shared Net Appreciation of the Workforce Housing Unit.
Appears in 5 contracts
Samples: Workforce Housing Participation Agreement, Workforce Housing Participation Agreement, Workforce Housing Participation Agreement
Workforce Housing Deed of Trust. A deed of trust securing the repayment of the loan made by the City to an Eligible Buyer representing the Workforce Housing Discount, plus the Shared Net Appreciation of the Workforce Housing Unit. The sums secured by the deed of trust carries a zero percent (0%) interest rate, requires no monthly payments, is subordinate only to the purchase money first deed of trust, and is due and payable from the proceeds of the resale or transfer of the Workforce Housing Unit.
Appears in 4 contracts
Samples: Workforce Housing Participation Agreement, Workforce Housing Participation Agreement, Workforce Housing Equity Sharing Agreement
