Examples of Housing Authority Loan in a sentence
The Housing Authority Loan Commitment, included as Exhibit B, for the financing of the Riverview Plaza Project in the amount of a $10,945,124 seller carryback loan, or an amount justified by updated fair market value appraisals, a $4,910,000 ground lease loan from the Housing Authority is approved.
A copy of the Housing Authority Loan Note is on file with Beneficiary and terms and provisions of the Housing Authority Loan Note are incorporated herein by reference.
The Authorized Officers, and each of them acting alone, are authorized on behalf of the Authority to determine the source (or sources) of funds for each loan contemplated under the Housing Authority Loan Documents.
The Housing Authority Loan shall have a term of fifty-five (55) years, commencing as of the effective date of the Loan Agreement and shall bear simple interest at three percent (3%) per annum.
The words “City Loan Documents” shall mean, collectively, the City Note, the Housing Authority Note, the City/Housing Authority Deed of Trust, the City/Housing Authority Regulatory Agreement, and any other document evidencing, securing, guaranteeing or otherwise relating to the City Loan and the Housing Authority Loan.
The Housing Authority Loan shall be repaid from fifty-percent (50%) of the Project’s residual receipts remaining after payment of fees (including deferred developer fees, investor fees, partnership fees, and management fees), debt service and operating expenses.
Majority Owner shall have received written evidence acceptable to Majority Owner that all City Loan proceeds in the amount of $ and the Housing Authority Loan proceeds in the amount of $ shall, in each case, have been disbursed to Borrower to pay Project costs set forth on the Budget (or deposited with Bond Trustee in the Project Fund).
The annual residual receipts payments to the Authority are based on the$6,030,000 Housing Authority Loan with a 55 year term, 3.0% simple interest rate and annual payments in the form of 50% of residual receipts generated.The Authority Loan is estimated to generate $14,200,000 in nominal terms and$2,118,000 in present value terms, assuming a 6% discount rate.
Hopefulness: The AHS and PHQ 2 are collected at baseline and at 6 months from the start of treatment.
The Housing Authority Loan shall be repaid from fifty-percent (50%) the Project’s residual receipts remaining after payment of fees (including deferred developer fees, investor fees, partnership fees, and management fees), debt service and operating expenses.