SPACE RESERVED FOR RECORDING PURPOSES ONLY CDBG-DR REGULATORY AGREEMENT UNITED STATES OF AMERICA OF STATE OF __________ name of Grantee BE IT that on the dates set forth below, before the undersigned notaries, duly commissioned and qualified in and for the County and State set forth below, and in the presence of the undersigned witnesses, personally came and appeared: The owner (the of the herein defined Project; and “Owner”) The name of grantee shall, in every instance, include Grantee’s successors and (“Grantee”, assigns); PRELIMINARY RECITALS A. WHEREAS, Grantee is providing from the United State of America, HUD Community Development Block Grant Recovery Program (“CDBG-DR”) Program to qualified applicants in –Disaster accordance with Grantee’s CDBG-DR Multifamily Rental Program (the under describe Grantee’s “Program”) published CDBG-DR Action Plan; and B. WHEREAS, has applied to Grantee as evidenced by a completed printed application, all written responses, attachments, addenda and amendments pertaining thereto, including the special conditions related to the application attached hereto as Exhibit A Property Specific Addendum and made a – part hereof (collectively, the and “Application”); C. WHEREAS, Grantee has entered into an agreement dated _____________, 20 with Owner for the award (the Agreement”) of the Gap Financing Loan (as hereinafter defined) for the purpose of “Award developing that certain multifamily residential rental project described in Owner’s Application (the “Project”)
SPACE RESERVED FOR RECORDING PURPOSES ONLY CDBG-DR REGULATORY AGREEMENT OF name of Grantee UNITED STATES OF AMERICA STATE OF __________ BE IT that on the dates set forth below, before the undersigned notaries, duly commissioned and qualified in and for the County and State set forth below, and in the presence of the undersigned witnesses, personally came and appeared: The owner (the “Owner”) of the herein defined Project; and The name of grantee (“Grantee”, shall, in every instance, include Grantee’s successors and assigns); PRELIMINARY RECITALS A. WHEREAS, Grantee is providing from the United State of America, HUD Community Development Block Grant –Disaster Recovery Program (“CDBG-DR”) Program to qualified applicants in accordance with Grantee’s CDBG-DR Multifamily Rental Program (the “Program”) under describe Grantee’s published CDBG-DR Action Plan; and B. WHEREAS, has applied to Grantee as evidenced by a completed printed application, all written responses, attachments, addenda and amendments pertaining thereto, including the special conditions related to the application attached hereto as Exhibit A – Property Specific Addendum and made a part hereof (collectively, the “Application”); and C. WHEREAS, Grantee has entered into an agreement dated _____________, 20 with Owner for the award (the “Award Agreement”) of the Gap Financing Loan (as hereinafter defined) for the purpose of developing that certain multifamily residential rental project described in Owner’s Application (the “Project”)
Disaster-Recovery-Multifamily-Rental-Regulatory-Agreement.docx