Declaration of Restrictive Covenants definition

Declaration of Restrictive Covenants means the Declaration of Restrictive Covenants dated of even date with this Note executed by the Developer in favor of the City and filed against the Property.

Declaration of Restrictive Covenants means the Declaration of Restrictive Covenants executed by the Developer in favor of the City dated , 201 that is filed against the Property.

Declaration of Restrictive Covenants means the Declaration of Restrictive Covenants between the Authority and the Developer in substantially the form set forth in EXHIBIT E.

Examples of Declaration of Restrictive Covenants in a sentence

• The Compliance during the Additional Use Period (“AU Compliance Policy”) will concentrate on enforcing the requirements of the LIHTC program through the term of the Declaration of Restrictive Covenants for Low Income Housing Credit recorded on the property.

• The deed of easement and Declaration of Restrictive Covenants shall reflect a right of first refusal be granted by the owner to the residents.

• The percentage of LIHTC units as specified in the Declaration of Restrictive Covenants for Low Income Housing Credits must be maintained throughout the additional use period.

• To enforce these and other program use restrictions, DHCD will require that each project owner enter into a Tax Credit Regulatory Agreement and Declaration of Restrictive Covenants (“the Agreement”).

• Developments will be bound by the terms committed to in the application process through the mandatory Declaration of Restrictive Covenants.

More Definitions of Declaration of Restrictive Covenants

Declaration of Restrictive Covenants means the same as defined in Chapter 42.

Declaration of Restrictive Covenants means the declaration of covenants, conditions, and restrictions in a form approved by the director of budget and fiscal services and executed by the fee owners of the land on which an affordable rental housing project is situated, and that is recorded in the State of Hawaii bureau of conveyances, or the office of the assistant registrar of the land court of the State of Hawaii, or both, as appropriate. The declaration of restrictive covenants must run with the land for as long as the affordable rental housing project exists, and must give notice to all subsequent owners, grantees, successors, assignees, mortgagees, lienors, and any other person who claims an interest in the real property, that:

Declaration of Restrictive Covenants means any use agreement, declaration or similar covenant in favor of HUD to be recorded against the Land prior in lien priority to any leasehold mortgage and this leasehold which obligates Tenant and any successor in title to the Premises, including a successor in title by foreclosure or deed-in-lieu of foreclosure (or the leasehold equivalent), to maintain and operate the Premises in compliance with the, the RAD Use Agreement, for the period stated therein.

Declaration of Restrictive Covenants means the declaration of covenants, conditions, and restrictions in a form approved by the director of budget and fiscal services and executed by the fee owners of the land on which an affordable rental housing project is situated, which at a minimum provides that:

Declaration of Restrictive Covenants means any Use Agreement, Declaration or similar covenant in favor of HUD to be recorded against the Land prior to any leasehold mortgage and this leasehold which obligates Tenant and any successor in title to the Premises, including a successor in title by foreclosure or deed-in-lieu of foreclosure (or the leasehold equivalent), to maintain and operate the Premises in compliance with the Applicable Public Housing Requirements or the RAD Use Agreement, as applicable, for the period stated therein.

Declaration of Restrictive Covenants means a restricted covenant that is recorded in the Bureau of Conveyances or the Office of the Assistant Registrar of the Land Court of the State of Hawaii, for a period of affordability that runs with the land, and bind and give notice to all subsequent grantees, assignees, mortgagees, lienors, and any other person who claims an interest in the project site or any zoning lot on which the affordable housing requirement is being satisfied.

Declaration of Restrictive Covenants means the Declaration of Restrictive Covenants to be filed of record with the Circuit Clerk and Recorder of [COUNTY], Arkansas, whereby Owner has declared the Property is subject to the requirements of the Act and the regulations promulgated thereunder at 24 CFR Part 92.