RES 84628 - Laserfiche WebLink

(b) All of the dwelling units in the Project will be similarly constructed, and each dwelling unit in the Project will contain complete, separate and distinct facilities for living, sleeping, eating, cooking and sanitation for a single person or a family, including a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink. (c) The Owner will not knowingly permit any of the dwelling Units in the Project at any time to be utilized on a transient basis or will ever be used as a hotel, motel, dormitory, fraternity house, sorority house, rooming house, nursing home, hospital, sanitarium, rest home or trailer court or park. (d) No part of the Project will at any time be owned by a cooperative housing corporation, nor will the Owner take any step in connection with a conversion to such ownership or use. The Owner shall not sell units in the Project as condominiums except with the prior written approval of Bond Counsel. (e) All o£ the dwelling units in the Project will be leased or rented, or available for lease or rental, to the general public, and the Owner will not give preference to any particular class or group in renting the dwelling units in the Project, except to the extent that dwelling units are required to be leased or rented to Lower-Income Tenants as defined in the Regulatory Agreement. Dwelling units in the Pro3ect leased or rented to Lower-Income Tenants will be intermingled with all other dwelling units and will be of comparable quality and offer a range of sizes and number of bedrooms comparable to those units which are available to other tenants. In addition, tenants residing in such units will have equal access to all common facilities of the Project. (f) The Project Site consists of a parcel or parcels that are contiguous (except for the interposition of a road, street or stream) and all of the improvements will comprise a single geographically and functionally integrated project for residential rental property, as evidenced by the ownership, management, accounting and operation of the Project. (g) In the event the Project consists of less than five (5) dwelling units, none of the dwelling units in the Project shall be occupied as a residence by the Owner.