Current through 2024-51, December 18, 2024
Section 346-29-6 - Low-income and Use RestrictionsA.Low-income Restrictions. Developments shall benefit Low-income Persons as required by applicable laws, funding source restrictions, applicable Program Guides, and the Developer's commitments. B.Use Restrictions. Developments may be required to serve a target population and provide supportive services as required by applicable laws, funding source restrictions, applicable Program Guides, and the Developer's representations. C.Assurance of Continued Restrictions. The Developer shall provide any certifications, reports, or other assurances MaineHousing requires to ensure compliance with low-income restrictions and use restrictions, including without limitation, an agreement to be recorded in the appropriate registry of deeds which will obligate the Developer and its successors to comply with the restrictions for a period of time within the applicable Program Guide. 99-346 C.M.R. ch. 29, § 6