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80A - HOUSING AND SUBORDINATION LOANS
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09/17/2019
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80A - HOUSING AND SUBORDINATION LOANS
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Last modified
9/12/2019 6:11:12 PM
Creation date
9/12/2019 5:58:33 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
9/17/2019
Destruction Year
2024
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WAMMINdrIl <br />(collectively, a "Foreclosure"), the following rule contained in Section 42(h)(6)(E)(ii) of <br />the Code shall apply: <br />For a period of three (3) years from the date of Foreclosure, with respect to any unit <br />that had been regulated by the extended use agreement, (i) none of the eligible tenants <br />occupying those units at the time of Foreclosure may be evicted or their tenancy terminated <br />(other than for good cause, including but not limited to, the tenants' ineligibility pursuant <br />to Section 42 of the Code), (ii) nor may any rent be increased except as otherwise permitted <br />under Section 42 of the Code. <br />26. Amendment and Restatement. This Agency Deed of Trust amends, restates and <br />supersedes in their entirety those certain Agency Deeds of Trust and Assignment of Rents <br />described in the attached Exhibit B (collectively, "Released Deeds of Trust"). <br />80A-202 <br />
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