12-Eagle Regulatory Agreement.pdf

This is a Regulatory Agreement document between the Housing Authority of the City of Alameda and an unspecified lender regarding the refinancing of debt for Eagle Village and Parrot Village, two affordable housing communities located in Alameda, California. The agreement establishes the regulatory framework and covenants governing the refinanced properties, which are situated at 700 Block of Eagle Avenue and 1800 Blocks of St. Charles Street, Chapin Street, and Wood Street. The document outlines the terms under which the Housing Authority will operate and maintain these properties in compliance with affordable housing requirements and other regulatory obligations imposed by the refinancing entity.

The Regulatory Agreement contains provisions addressing affordability restrictions, property management standards, financial reporting requirements, and compliance obligations that the Housing Authority must maintain throughout the refinancing term. The agreement establishes the legal relationship between the Housing Authority and the financing entity, specifying conditions under which the refinanced properties must be operated to ensure continued affordability for residents and protection of the lender's interests. Key terms address the duration of affordability covenants, default provisions, property maintenance standards, and the remedies available to the lender in case of non-compliance by the Housing Authority.