Qualified Project Period definition

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

Qualified Project Period means the period beginning on the first day on which at least 10% of the units in the Project are first occupied, and ending on the later of the following:

Qualified Project Period means the period beginning on the Closing Date and ending on the later of the following:

Examples of Qualified Project Period in a sentence

• During the three (3) years prior to the expiration of the Qualified Project Period, the Owner shall continue to make available to Qualified Tenants Restricted Units that have been vacated to the same extent that non-Restricted Units, if any, are made available to non-eligible households.

• Pursuant to the requirements of the City and Section 142(d) of the Code, for the Qualified Project Period, not less than forty percent (40%) of the total number of completed units in the Project or sixty-eight (68) units, shall be designated as affordable units and during the Qualified Project Period shall be rented to and continuously occupied by Low- Income Tenants.

• Pursuant to the requirements of the City and Section 52080(a)(1)(B) of the Housing Law, for the Qualified Project Period, not less than forty percent (40%) of the total number of completed units in the Project, or sixty-eight (68) units, shall be designated as affordable units and during the Qualified Project Period shall be rented to and continuously occupied by Low-Income Tenants.

• It hereby is confirmed that each tenant currently residing in a unit in the Project has completed an Income Certification Form in the form approved by the City and that since commencement of the Qualified Project Period, not less than 40% of the occupied units in the Project (excluding the manager’s unit) have been rented to (or are vacant and last occupied by) Qualified Tenants.

More Definitions of Qualified Project Period

Qualified Project Period means a period beginning on the Occupancy Date and ending on the date which is the Required Number of Years after the Occupancy Date as set forth on the Summary Page.

Qualified Project Period means the same as defined in 26 U.S.C. section 142(d)(2)(A) and regulations promulgated thereunder, except that the minimum term shall be 30 years consistent with Section 5192.

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the IRC.

Qualified Project Period. The period beginning on the later of (i) the date of issuance of the Bonds or (ii) the first date on which at least 10% of all of the Spaces in the Project are first occupied and ending on the latest of (w) the date which is 15 years after the later of the date of issuance of the Bonds or the date on which at least 50% of the Spaces in the Project are first occupied, (x) the first day on which no tax-exempt private activity bond issued with respect to the Project is outstanding, (y) the date on which any assistance provided with respect to the Project under Section 8 of the United States Housing Act of 1937 terminates, or (z) the date which is 30 years after the date of issuance of the Bonds; provided such period is subject to extension in accordance with Section 5(i) hereof.

Qualified Project Period means the period beginning on the first day on which at least 10% of the units in the Project are first occupied and ending on the later of the following:

Qualified Project Period means the period of time, as provided in the Code, that a Development financed with Tax-exempt Bonds must comply with the Lower Income Tenant Set-Aside.

Qualified Project Period has the meaning given to such term in the Regulatory Agreement.