HUD Requirements definition
Examples of HUD Requirements in a sentence
Tenant agrees to procure and maintain, or cause to be procured and maintained, the insurance coverage required pursuant to the HUD Loan Documents and/or applicable HUD Requirements, including HUD Notices H 04-01 and H 04-15.
The decision to repair, reconstruct, restore or replace the Premises following a casualty or condemnation shall be subject to the terms of the HUD Loan Documents and applicable HUD Requirements.
The Lessee agrees to procure and maintain, or cause to be procured and maintained, the insurance coverage required pursuant to the Mortgage Loan Documents and/or applicable HUD Requirements, including HUD Notices H 04-01 and H 04-15.
The decision to repair, reconstruct, restore or replace the Leased Premises following a casualty or condemnation shall be subject to the terms of the Mortgage Loan Documents and applicable HUD Requirements.
The Deed of Trust and Declaration of Restrictions may be subordinated to other financing secured by and used for development of the Project and to instruments mandated by HUD pursuant to HUD Requirements (in each case, a "Senior Lien"), but only if OCII determines in its sole discretion that subordination is necessary to comply with HUD Requirements and/or to secure adequate acquisition, construction, rehabilitation and/or permanent financing to ensure the viability of the Project.
If the Developer exercises the Option, no later than the Closing Date, the Authority shall cause a title company selected by the Authority to issue an ALTA leasehold policy or policies of title insurance insuring leasehold title to the Property to be vested in the Developer, subject only to exceptions authorized by the Master Development Agreement, otherwise approved by the Developer or required pursuant to any applicable HUD Requirements.
Notwithstanding the foregoing, the other Units may be restricted to households earning no more than 60% of the area median income, in accordance with the applicable HUD Requirements.
HUD shall administer its Federal public housing program for the provision of decent, safe, and sanitary housing to eligible families in accordance with the CACC and all applicable HUD Requirements.
The declaration shall confirm and evidence the Owner Entity's obligation, during the term of CACC covering the Project units and during such further period when such approval may be required by law as then in effect, to develop, maintain and operate the Project Units in compliance with the HUD Requirements.
In each case, an allowed transfer must comply the HUD Requirements.