MERCY HOUSE LIVING CENTERS (3) - Laserfiche WebLink

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1. Project ,Sponsor covenants and agrees (for itself, its successors, its assigns, and every successor in interest to the Property or any part thereof) that Project Sponsor, such successors, and such assigns shall devote the Property (or any part thereof), to the uses specified therefor in the Grant Agreement, the project plans approved pursuant to the Grant Agreement, and this Agreement Containing Covenants. 2. Project Sponsor shall assure that the Property shall be used only for housing for Eligible Persons and their Families. . a. "Eligible Person" shall mean a person with AIDS or a related disease who is a low-income individual, and the person's Family. b. "Family" shall mean a household composed of two or more related persons. The term "Family" also includes one or more Eligible Persons who are determined to be important to their care or well. -being, and the surviving member or members of any family described in this paragraph who were living in a dwelling unit on the Property with the person with AIDS at the time of his or her death. c. "Low -Income Individual" mean any individual or family whose income does not exceed 800 of the median income for the area, as determined by HUD, with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 80% of the median for the area on the basis of HUD findings that such variations are necessary because of prevailing levels of construction costs or fair market rents, or unusually high or low family incomes. Notwithstanding the foregoing, the surviving member or members of a Family who were living in a dwelling unit on the Property at the time of the death of the person with AIDS may continue to occupy the Property for a period of up to one year following the death of the person with AIDS. 3. The rent charged by Project Sponsor for any dwelling unit within the Property shall be the higher of: a. 300 of the Family's monthly adjusted income (adjustment factors include the age of the individual, medical expenses, size of family and child care expenses and are described in detail in 24 CFR 81.3-1020); or b. 100 of the Family's monthly gross income; or C. If the Family is receiving payments from welfare assistance from a public agency and a part of the payments, adjusted in accordance with the Family's actual housing costs, is specifically designated by the agency to meet the Family's housing Nip\staff\sk\agreement\ Page 21 of 31 Garfield HOPWA Agreement 11-07-01