Extended Use Agreement definition

Extended Use Agreement means an agreement that satisfies the requirements of Section 42(h)(6)(B) of the Code.

Extended Use Agreement means the agreement executed by and between the Authority and the Owner, which is binding upon the Owner and all successors to the Owner, and which requires that the Project comply with the requirements of Section 42, the QAP, the Application and the Authority.

Extended Use Agreement means the extended use housing commitment to be executed by the Partnership in accordance with the requirements of the Credit Agency and the provisions of Section 42(h)(6)(A) of the Code.

Examples of Extended Use Agreement in a sentence

• The Extended Use Agreement may also contain other provisions as determined by the Agency.

• An Extended Use Agreement in accordance with the Code and Tax Regulations has been incorporated into the Tax Credit Regulatory Agreement.

• Except as otherwise provided by the Commission, the owner of a low-income housing project must, during the term of the Regulatory Agreement (Extended Use Agreement), in effect for such project, retain the original local health, safety, or building code violation reports or notices that are issued by any state or local government unit.

• The owner of a low-income housing project must, during the term of the Regulatory Agreement (Extended Use Agreement) in effect for such project, retain the records described above: (i) for at least six (6) years after the due date (with extensions) for filing the federal income tax return for that year; and, (ii) with respect to any year for which an income tax return is not filed or does not reflect the Credit for such project, for at least six (6) years after the end of that year.

• The Commission has the right to perform on-site review(s) of any building in a low-income housing project throughout the term of the Regulatory Agreement (Extended Use Agreement) in effect for such project.

More Definitions of Extended Use Agreement

Extended Use Agreement means a covenant that runs with the land on which the Project is developed, restricting the use of land by the Owner and its successors to the terms and conditions of the Project, as approved by ADOH.

Extended Use Agreement means the Regulatory and Restrictive Covenants for Land Use Agreement related to the Project, entered into in accordance with Section 42(h)(6)(B) of the Code and dated on or about the date hereof, between the Issuer and the Borrower.

Extended Use Agreement means the Tax Credit documentation executed by and between the

Extended Use Agreement means the agreement to be entered into between the limited partnership that undertakes the rental part of the Project and the Virginia Housing Development Authority as required pursuant to Section 42 of the Code.

Extended Use Agreement means the extended low income housing commitment for the Project between the Borrower and the California Tax Credit Allocation Committee, as described in Section 42(h)(6)(B) of the Code.

Extended Use Agreement means the Declaration of Land Use Restrictive Covenants, which is intended to meet the definition of a "long term commitment to low-income housing" as required by Section 42(h)(b) of the Code and the requirements of the Authority's Tax Credit program.

Extended Use Agreement. (or “EUA” or “LURA”) means an extended use agreement, land use restriction agreement or other such document entered into by Tenant for purposes of relating to Low-Income Housing Tax Credits, in compliance with Section 42 of the Internal Revenue Code.