Reference to the formula pursuant to which the maximum rent of a rental unit or the maximum resale price of a homeownership will be set.
(7)
Designation of the priority of the Affordable Housing Restriction over other mortgages and restrictions.
(8)
A requirement that only an Eligible Household may reside in Affordable Housing and that notice of any lease or sublease of any unit of Affordable Housing shall be given to the administering agency.
(9)
Provision for effective monitoring and enforcement of the terms and provisions of the Affordable Housing Restriction by the administering agency.
(10)
Provision that the restriction on an Affordable Homeownership Unit shall run in favor of the administering agency and the municipality in a form approved by municipal counsel, and shall limit initial sale and resale to and occupancy by an Eligible Household.
(11)
Provision that the restriction on Affordable Rental Units in a rental project or rental portion of a Project shall run with the rental Project or rental portion of a Project and shall run in favor of the administering agency and the municipality, in a form approved by municipal counsel, and shall limit rental and occupancy to an Eligible Household.
(12)
Provision that the owner(s) or manager(s) of an Affordable Rental Unit(s) shall file an annual report to the administering agency, in a form specified by that agency, certifying compliance with the affordability provisions of this § 350-20 and containing such other information as may be reasonably requested in order to ensure affordability.
(13)
A requirement that residents in Affordable Housing provide such information as the administering agency may reasonably request in order to ensure affordability.
F.