Orange County NC Website
Browse       Search
�G <br />are reasonably necessary to give effect to the terms of this Agreement <br />and as are required in connection with Permanent Lender's loan and, if <br />applicable, NCHFA's loan and /or mortgage certificates. <br />C. Marketing. After construction of any Low- income Houses <br />and prior to any Low - income Houses being sold, the Corporation or its <br />designee shall market the sales of the Low - income Houses by preparing <br />advertising materials and /or a marketing brochure so as to help <br />facilitate their first sales to Low- income Persons. At or before said <br />first sales of Low - income Houses, the Corporation or its designee <br />shall describe how the Low- income Houses are intended to be made <br />affordable to Low - income Persons and shall encourage Buyers, should <br />they 'later decide to sell their Low- income House, to attempt to sell <br />to Low - income Persons by using the Town's waiting list described in <br />i <br />Paragraph VI.D. of this Agreement. Also, the Corporation or its <br />designee shall use its best efforts to refer the first Low - income <br />House Buyers to a home - ownership counselling program, provided that <br />one is offered by a local.Sor- profit or nonprofit entity. <br />V?. Ongoina Administration Duties Followin First sale of Each <br />Low- income House. <br />A. The Administrator annually shall review Buyers' places <br />of residency by having Buyers complete and submit to the Administrator <br />for review affidavits in forms materially similar to the affidavit <br />attached to, and incorporated into, this Agreement as Exhibit M. <br />B. The Administrator annually shall verify that real and <br />personal property taxes and, if applicable, assessments are paid by <br />each Buyer. <br />- 17 - <br />