Affordable Housing Development Program Fund definition

Affordable Housing Development Program Fund means the Affordable Housing Development Program Fund described in Article III of the Development Program and established and maintained pursuant to Article II hereof.
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Examples of Affordable Housing Development Program Fund in a sentence

  • The City’s obligations of payment hereunder shall be limited obligations of the City payable solely from monies on deposit in the Developer’s Project Cost Account and Affordable Housing Development Program Fund, and any earnings thereon, pledged therefor under this Agreement.

  • Except as permitted hereunder, the City shall not sell, lease, pledge, grant a security interest in, assign or otherwise dispose, encumber or hypothecate any interest in the Developer’s Project Cost Account and the Affordable Housing Development Program Fund and will promptly pay or cause to be discharged or make adequate provision to discharge any lien, charge or encumbrance on any part hereof not permitted hereby.

  • The City’s obligations of payment hereunder shall be limited obligations of the City payable solely from monies on deposit in the Phase II Developer’s Project Cost Subaccount and Affordable Housing Development Program Fund, and any earnings thereon, pledged therefor under this Agreement.

  • The Affordable Housing Development Program Fund shall consist of the Phase I Developer’s Project Cost Subaccount and the Phase II Developer’s Project Cost Subaccount as described in the Development Program.

  • Except as permitted hereunder, the City shall not sell, lease, pledge, grant a security interest in, assign or otherwise dispose, encumber or hypothecate any interest in the Phase II Developer’s Project Cost Subaccount of the Affordable Housing Development Program Fund and will promptly pay or cause to be discharged or make adequate provision to discharge any lien, charge or encumbrance on any part hereof not permitted hereby.

  • The Affordable Housing Development Program Fund shall consist solely of the Developer’s Project Cost Account as described in the Development Program.