Common Contracts
1 similar Affordable Housing Restriction contracts
CONSENT AND SUBORDINATION OF AFFORDABLE HOUSING RESTRICTIONAffordable Housing Restriction • September 2nd, 2021
Pursuant to the provisions of that certain Fee and Leasehold Mortgage and Security Agreement and Assignment of Leases, Rents and Contracts (the “Mortgage”) granted by Scotts Grove LLC, a Massachusetts limited liability company (the “Lessee”), and Island Housing Trust Corporation, a Massachusetts non-profit corporation (the “IHT”), to the Massachusetts Housing Partnership Fund Board, public instrumentality and body politic and corporate (the “Lender”), and that certain Affordable Housing Agreement made by and between the Owner, the LLC, and the Lender, all dated as of , 2021 and recorded with the Dukes County Registry of Deeds (the “Registry”) concurrently herewith (collectively, the “2021 MHP Financing Documents”), and all relating to, inter alia, the development known as “Scott’s Grove” located at 565 Edgartown Road, West Tisbury, Massachusetts 02575, the Lender hereby consents to that certain Affordable Housing Restriction dated as of November 29, 2017 by and between the IHT and the
