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g <br />TABLE OF CONTENTS <br />• ■ <br />Page <br />I. <br />Definitions <br />4 <br />II. <br />Construction <br />7 <br />A. Description <br />7 <br />B. Schedule <br />8 <br />C. Changes <br />8 <br />D. Inspections <br />9 <br />III. <br />Budget <br />9 <br />IV. <br />Buyer Eligibility <br />11 <br />V. <br />Initial Sales of Low- Income Houses <br />12 <br />A. Financing <br />12 <br />1. Corporation's Duties <br />12 <br />2. Town's Duties <br />14 <br />B. Documents <br />14 <br />t <br />I. Purchase Contract <br />14 <br />2. Deed <br />15 <br />3. Lien Waivers <br />15 <br />4. Shared Equity Agreement <br />15 <br />S. Town's Note and Deed of Trust <br />15 <br />6. Other Lenders' Forms <br />16 <br />7. Request Not4ce <br />16 <br />8. Miscellaneous Documents <br />16 <br />C. Marketing <br />17 <br />VI. <br />Ongoing Administration Duties Following <br />First Sale of Each <br />Low- income House <br />17 <br />VII. <br />Resales of Low - income Houses <br />20 <br />A. Exercise of Right of First Refusal <br />20 <br />B. Financing <br />20 <br />C. Documents <br />22 <br />1. Purchase Contract <br />22 <br />2. Deed <br />22 <br />3. Lien Waivers <br />23 <br />4. Shared Equity Agreement <br />23 <br />5. Town's Note and Deed of Trust <br />23 <br />6. Other Lenders' Forms <br />23 <br />7. Request Notice <br />24 <br />8. Miscellaneous Documents <br />24 <br />• ■ <br />