Base Event
Confidence 0.90 out of 1 Conf 0.90
issuance of the Obligations
"commencing on the later of (a) the date that ten percent (10%) of the units in the Project are first occupied or (b) the date of issuance of the Obligations"
Expiration Date
Confidence 0.00 out of 1 Not found
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Expiration Expression
Confidence 0.95 out of 1 Conf 0.95
Occupancy Restriction Period
"Occupancy Restriction Period shall mean that period commencing on the later of (a) the date that ten percent (10%) of the units in the Project are first occupied or (b) the date of issuance of the Obligations and ending on the latest of (i) the first day on which no Obligations or other tax-exempt private-activity obligation with respect to the Project is still outstanding; (ii) fifteen (15) years from the date that fifty percent (50%) of the units in the Project are first occupied; (iii) the date on which any assistance provided with respect to the Project under Section 8 of the United States Housing Act of 1937 as amended terminates; (iv) in the event the Project receives Tax Credits, the first day on which Mortgagor is no longer required to comply with the provisions set forth in Exhibit B hereto; (v) the first day on which the Project's Real Property Tax Benefits expire; or (vi) the date that the Mortgage or any mortgage held by HDC with respect to the Project is satisfied."
Party
Confidence 0.95 out of 1 Conf 0.95
BORICUA VILLAGE ASSOCIATES E, L.P.
"BORICUA VILLAGE ASSOCIATES E, L.P. ("Mortgagor") a New York limited partnership having an address c/o Atlantic Development Group, LLC, 155 Avenue of the Americas, 3rd Floor, New York, New York 10013"
Party
Confidence 0.95 out of 1 Conf 0.95
THE DOE FUND, INC.
"THE DOE FUND, INC. ("TDF") a New York not for profit corporation whose address is 232 East 84th Street, New York, NY, 10028"
Party
Confidence 0.95 out of 1 Conf 0.95
NEW YORK CITY HOUSING DEVELOPMENT CORPORATION
"NEW YORK CITY HOUSING DEVELOPMENT CORPORATION ("HDC"), a corporate governmental agency constituting a public benefit corporation organized and existing under the laws of the State of New York, whose address is 110 William Street, 10th Floor, New York, New York 10038."
Program Name
Confidence 0.95 out of 1 Conf 0.95
421-a Negotiable Certificate of Eligibility Program
"Mortgagor has applied to HPD under its Negotiable Certificate of Eligibility Program (as defined herein) for Negotiable Certificates of Eligibility (as defined herein) and as a consequence all 80 Units at the Project (the "421-a Units") will be subject to certain requirements of HPD pertaining to the issuance of such certificates and shall be subject to a 421-a affordable housing program written agreement or other regulatory agreement between Mortgagor and HPD"
Regulatory Period
Confidence 0.00 out of 1 Not found
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