GROUND LEASE - Laserfiche WebLink

7 (F) In the event that reexamination of household income indicates that the tenant no longer qualifies as a lower income household, the Owner shall take appropriate action in accordance with HUD regulations at 24 CFR Part 850, Subpart F. (G) The Grantee shall have established a rent mechanism to assure that the type and number of units specified in section 1.01(e)2 of the Grant Agreement and in section 1.1 of this Agreement are occupied or available for occupancy by lower income households during the Project Term. The rent mechanism is included in this Agreement as Attachment G and includes, at a minimum, provisions that: (1) the Grantee shall review and approve any schedule of rents proposed by the Owner for lower income units, (2) the Grantee acknowledges that any rent schedule, which shall include utility allowances, if utilities are tenant paid, submitted by the Owner, (within the permissible maximum allowed by the Grant Agreement and HDG regulations), will be deemed approved unless the Grantee informs the Owner, within 60 days after receiving the schedule, that it is disapproved because the schedule is not consistent with the rent mechanism, and (3) the initial monthly allowance for utilities and services to be paid by lower income households shall be as approved by HUD, in approval of the application, with subsequent calculations of this allowance approved by the Grantee in connection with its review and approval of rent schedules. (H) Procedures to be followed by the Owner to determine tenant eligibility and actions to be taken in the event a tenant is determined to be over income have been established and are included in this Agreement as Attachment H. (I) The Owner shall, at least annually on the date specified in the Grantee rent mechanism (and at any other time as required by the Grantee in the rent mechanism), recalculate the maximum monthly rent to be charged. The first rent recalculation shall be submitted by the Owner to the Grantee no later than 60 days prior to initial occupancy. (J) Marketing shall 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. The Affirmative Fair Housing Marketing Plan is included in this Agreement as Attachment D. (K) Local residency requirements shall not be permitted. Local residency preferences will be allowed to the extent that they are not inconsistent with affirmative fair housing marketing objectives and the Owner'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. (L) All management and maintenance functions shall be performed in compliance with applicable equal opportunity requirements, as specified in section 5.02(g) of the Grant Agreement and In section 2.2(G) of this Agreement.