The DDA must contain certain antidiscrimination provisions. These are required to be included in all contracts and leases which are executed in connection with the project. Covenants Running With The Land . If a right of reverter is contemplated, it would be set forth in the deed as well. Agency Rights Regarding Financing .
Some agencies require their approval of financing documents.
In addition, some agencies want the right to cure a default under the construction loan or deed of trust. Lenders may object in the absence of a showing of agency capability to complete the project. Default and Remedy Provisions. Option to purchase or repurchase. Back to Top 8.