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Attachment D <br />e.g., heating and cooling equipment, trash disposal equipment, or units for residential <br />managers or maintenance personnel; <br />(g) that no portion of the Project shall be used to provide any health club facility, any <br />facility primarily used for gambling, or any store the principal business of which is the sale of <br />alcoholic beverages for consumption off premises; <br />(h) that the Project shall not include a Dwelling Unit in a building where all Dwelling <br />Units in such building are not also included in the Project; <br />(i) that the Borrower shall not convert the Project to condominium or cooperative <br />ownership; <br />(j) that no Dwelling Unit in the Project shall be occupied by any partner of the <br />Borrower (or any person related to a partner of the Borrower or to any related person to the <br />Borrower within the meaning of Section 147(a)(2) of the Code) at any time unless such person <br />resides in a Dwelling Unit in a building or structure which contains at least five Dwelling Units <br />and unless the resident of such Dwelling Unit is a resident manager or other necessary employee <br />(e.g., maintenance and security personnel); <br />(k) that the Note will not be Ðfederally guaranteed,Ñ as defined in Section 149(b) of the <br />Code; <br />(l) that the Project shall at all times be used and operated as a Ðmultifamily housing <br />development,Ñ as defined in the Act; and <br />(m) that the Borrower shall not discriminate on the basis of race, creed, color, sex, <br />sexual preference, source of income (e.g., AFDC or SSI), physical disability, national origin, or <br />marital status in the rental, lease, use, or occupancy of the Project or in connection with the <br />employment or application for employment of persons for the operation and management of the <br />Project. <br />Section 4. Low Income Tenants. Pursuant to the requirements of the Act and Section <br />142(d) of the Code, the Borrower hereby represents, warrants, and covenants as follows: <br />(a) Upon completion of the Project, at least 40% of the units in the Project will be <br />occupied or held for occupancy by Low Income Tenants. Throughout the Qualified Project Period, <br />not less than 40% of the completed units in the Project shall be continuously occupied or held for <br />occupancy by Low Income Tenants. The Borrower will designate the Low Income Units and will <br />make any revisions to such designations as necessary to comply with the applicable provisions of <br />the Code and the Treasury Regulations. As set forth in paragraph (e) below, the Borrower shall <br />advise the Governmental Lender and the Fiscal Agent by delivery of a certificate in writing of the <br />status of the occupancy of the Project with respect to Low Income Tenants on an annual basis for <br />the term of this Regulatory Agreement. An Annual Certification of a Residential Rental Project, <br />Form 8703 (Rev. September 2013), or successor form, shall be prepared annually by the Borrower <br />and filed with the United States Secretary of the Treasury pursuant to Section 142(d)(7) of the <br />Code (currently with the Internal Revenue Service Center, Ogden, Utah 84201), with a copy to be <br /> 8 <br />12519391v3 <br /> <br />