West Orange Fourth Round HEFSP_adopted 111025_Appendices

w lender when the Grantor has satisfied the requirements for completion, and submit the necessary support documentation, including a Certificate of Occupancy. Upon its approval, the Lender will notify Grantor of the actual date of completion and the exact date of the expiration of the affordability period, which shall be calculated based on the date of completion. If necessary, the Grantor shall execute an amendment to this Deed or execute a corrective deed that extends the affordability restrictions of 24 CFR 92.252 to the exact date of expiration of the affordability period. The affordability period shall remain enforced despite any prepayment of this Loan. The HOME assisted Group Home unit must be occupied by an Income Eligible Household tenant within 18 months of the Project Completion date. If a unit does not achieve initial occupancy within the 18month deadline, then the Grantor must reimburse the funds invested in that unit to Lender. If the HOME-Assisted Unit is vacant six (6) hs after Project Completion, the Grantor shall provide Lender with a report on curren ig efforts and, if requested by the Lender, a plan for enhanced marketing of the H! id Group Home Unit. sex by an action under the Agreement, or the Loan raph 4 of the Loan Agreement. The provisions hereof may be enforced by the Co Mortgage in foreclosure, Mortgage Note, Developer's Agreement for acceleration of the loan as provided in p: The Grantor will provide a single Group Hi ive (5) bedroom units and shared will be extremely low income persons living, kitchen, dining and sanitary facilities. {<30% Area Median Income). The max hat may be collected for the property is based on the Fair Market rate (FMR) “hs edroom home. Each tenant will pay a proportionate share of rent. There is no Sraouc Rent requirement for a Group Home. THE REMAIND IS PAGE IS INTENTIONALLY LEFT BLANK. JATURE PAGE FOLLOWS.