Affordable Housing Restriction Sample Contracts

EQUIVALENT AFFORDABILITY RESTRICTION
Affordable Housing Restriction • November 14th, 2018 • Massachusetts

TERM Restriction will terminate on ____, 20__ [6 years from the date of initial notice of effective termination date under the curative notice provisions of 760 CMR 64.03 (5)]

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TOWN OF AMHERST AFFORDABLE HOUSING RESTRICTION
Affordable Housing Restriction • May 5th, 2020 • Massachusetts

BC Rolling Green LLC (“Grantor”), a Massachusetts limited liability company, having an address of c/o Beacon Communities LLC, 2 Center Plaza, Suite 700, Boston, Massachusetts 02108, for consideration of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00), hereby grants, with Quitclaim Covenants, to the Town of Amherst, Massachusetts, a Massachusetts municipal corporation (the “Municipality” or the “Town”), having an address of Amherst Town Hall, 4 Boltwood Avenue, Amherst, Massachusetts 01002, its successors and assigns, or its designee, exclusively for the purpose of ensuring retention of housing for occupancy by low income individuals and households, the following described Affordable Housing Restriction (this “Restriction”) on certain property located at 422 Belchertown Road, Amherst, Massachusetts, said land being described in Exhibit A attached hereto, and all improvements now or hereinafter located thereon (collectively, the “Property”).

CONSENT AND SUBORDINATION OF AFFORDABLE HOUSING RESTRICTION
Affordable 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

AFFORDABLE HOUSING RESTRICTION
Affordable Housing Restriction • November 14th, 2017 • Massachusetts

covenants, to the TOWN OF WENHAM (the “Town”), a municipal corporation duly organized under the laws of Massachusetts and acting by and through its Board of Selectmen, having a usual place of business at 138 Main Street, Wenham, Massachusetts 01984, its successors and assigns, exclusively for the purpose of ensuring the provision and retention of housing for occupancy by low and moderate income persons and households, the following described Affordable Housing Restriction (this “Restriction”) on the parcels of land located at , Wenham, Massachusetts, described more

Contract
Affordable Housing Restriction • August 23rd, 2013 • Massachusetts

Style Definition: Heading 1: Font: Cambria, 16 pt, Bold, Not Italic, (none), Kern at 16 pt Style Definition: Heading 2,h2: Font: (Default) Cambria, 14 pt, Italic, (none) Style Definition: Document Map: Font: 8 pt, (none)

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