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Public Housing and Community Development Infill Housing Program 701 NW 1 Court, 16th Floor Miami, Florida 33136 Main Number :(786) 469-4226 Fax Number: (786) 469-4199 Folio No.: INFILL HOUSING INITIATIVE
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Affordable housing restrictive covenant is a legal agreement that ensures a property will remain affordable for a certain period of time.
The property owner or developer is usually required to file the affordable housing restrictive covenant.
To fill out the affordable housing restrictive covenant, one must provide information about the property, the affordable housing requirements, and any other relevant details.
The purpose of affordable housing restrictive covenant is to ensure that a certain percentage of housing units remain affordable for low-income individuals or families.
Information such as the property address, the cost of rent or sale price, income limits for tenants, and the length of time the affordability requirement will be in effect.
The deadline to file affordable housing restrictive covenant in 2023 is typically determined by local housing authorities and may vary depending on the jurisdiction.
The penalty for the late filing of affordable housing restrictive covenant may include fines, legal action, or the potential loss of affordable housing benefits.
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