Memorandum of Understanding By and Between [JUNIOR PARTNER] And [SENIOR PARTNER]Memorandum of Understanding • August 8th, 2023
Contract Type FiledAugust 8th, 2023This Memorandum of Understanding (“MOU”), entered into as of [MONTH] [DAY], [YEAR], sets forth the basic understanding of [JUNIOR PARTNER], a California nonprofit public benefit corporation (“JP”), and [SENIOR PARTNER], a California nonprofit public benefit corporation ("SP") (together with [JUNIOR PARTNER], the "Parties," or individually, the “Party”), in connection with proposed affordable housing projects (the "Projects") for tenant populations that may include, but not be limited to, low-income families and other individuals at properties to be identified (the "Properties").