Sponsor-Initiated Affordability Agreement
Voluntary agreement signed by the BorrowerBorrowerPerson who is the obligor per the Note. and recorded in the land records against the PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). , putting rent and income restrictions in place to preserve or create multifamily affordable housing.