CONSTRUCTION DEED OF TRUST - Laserfiche WebLink

'7— 1 54983 i. During the Project Term it will not discriminate against prospective tenants on the basis of their receipt of or eligibility for housing assistance under any Federal, State or local housing assistance program or, except for an elderly housing project, on the basis that they have a minor child or children who will be living with them; j. Marketing of the Project will be done in accordance with the HUD approved Affirmative Fair Housing Marketing Plan, Form HUD 935.2, and all fair housing and equal opportunity requirements; k. Units in the Project will not be converted to condominium ownership or to a form of cooperative ownership that is not eligible to receive federal assistance under the HDG Program during the Project Term; 1. All management and maintenance functions will be performed in compliance with equal opportunity requirements as specified in the Grant Agreement; m. All laborers and mechanics (except laborers and mechanics employed by a State and local government acting as the principal contractor on the Project) employed in the development of the Project shall be paid wages at rates not less than those prevailing on similar construction in the locality, as determined by the Secretary of Labor in accordance with the Davis -Bacon Act, as amended (40 U.S.C. 276a- 27a -5), and contracts involving their employment shall be subject to the provisions, as applicable, of the Contract Work Hours and Safety Standards Act, as amended (40 U.S.C. 327 -33). Trustor agrees to comply with regulations issued under the Davis -Bacon Act and with other Federal laws and regulations, pertaining to labor standards; n. It shall assure completion of the Project in accordance with the obligations imposed on the Trustor by the Agreements; o. Prior to the commencement of construction, it shall if required obtain flood insurance on the Property in compliance with Section 102(a) of the Flood Disaster Protection Act of 1973 (42 U.S.C. Section 4001 et seq.); p. It shall not employ local residency requirements. Local residency preferences are however permissible to the extent such are not inconsistent with affirmative fair housing marketing objectives and Trustor's HUD approved Affirmative Fair Housing Marketing Plan. With respect to any residency preference, persons expected to reside in the community as a result of current or planned employment will be treated as residents; and q. All Project Income, as defined in the Grant Agreement, received by the Trustor during the construction period, if any, shall be applied to the payment of project costs. c:HDGDT.EHI Page 12.