Affordable Regulatory Agreement
Regulatory, land use, extended use, or similar agreement or recorded restriction limiting rents, imposing maximum income restrictions on tenants, or placing other affordability restrictions on the use or occupancy of 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). (whether imposed by a government entity or self-imposed by a BorrowerBorrowerPerson who is the obligor per the Note. per the Sponsor-Initiated Affordability Agreement (Form 6490)).