Get This Land Use Restriction Agreement And

Filling out the THIS LAND USE RESTRICTION AGREEMENT And is an essential process for those involved in low-income housing projects. This guide provides clear, step-by-step instructions tailored to help you complete the form effectively and efficiently online.

Follow the steps to successfully fill out the agreement.

1. Click the ‘Get Form’ button to access the agreement, allowing you to conveniently open and complete the document in an online editor.
2. Begin by entering the date at the top of the form where indicated. This is crucial for record-keeping purposes.
3. Fill in the name of the Development Owner. This should include the legal entity name that will own the low-income rental housing development.
4. Provide the complete name and relevant details of the housing development. Ensure accuracy in addressing the property location including city, county, and state.
5. Complete the sections regarding the tax credit allocation and attach the Multi-Family Housing Application for Tax Credits as referenced.
6. Initial where indicated to affirm any additional rent and occupancy restrictions that apply to the development.
7. In the 'Definitions' section, particularly focus on the terms used throughout the agreement, ensuring clarity in understanding the agreement's stipulations.
8. Proceed to the compliance sections, ensuring to detail the specific income and rent restrictions applicable as outlined in Appendix B.
9. Review the conditions for recording the agreement as per Section 2 and make sure to note where the consent will be obtained from any lien holders.
10. Complete any additional appendices required, such as the legal description in Exhibit A and the consent forms in Exhibit B, ensuring these are accurate and complete.
11. Once the form is fully completed, save your changes, and you may choose to download, print, or share the agreement as required.

Begin your process by filling out the THIS LAND USE RESTRICTION AGREEMENT And online today.