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1.7. "Housing Agreement' shall mean the Housing Development Agreement dated <br />December 21, 1998 between the MPHA, City and the Owner. <br />1.8. "Housing Covenants" shall mean the MPHA Act, the ACC, the Consent Decree, <br />the Housing Agreement and the MPHA Regulatory Agreement. <br />1.9. "Lease" shall mean the form of agreement between the Owner and a Tenant under <br />the terms of which said Tenant is entitled to enjoy possession of dwelling unit. <br />1.10. "Low Income Housing Tax Credit Program" or LIHC Program" shall mean the <br />provisions of Section 42, as described below, and the requirements set forth in the <br />Low Income Housing Tax Credit Program Procedural Manual and Compliance <br />Manual issued byMHFA. <br />1.11. "MHFA" shall mean the Minnesota Housing Finance Agency as established under <br />the Provisions of the MHFA Act. <br />1.12. "MHFA Act' shall mean Laws of Minnesota, 1971, Chapter 702, as amended. <br />1.13. "MPHA" shall mean the Minneapolis Public Housing Authority in and for the City <br />ofMinneapolis. <br />1.14. "MPHA Act' means Section 5 of the United States Housing Act of 1937. <br />1.15. "MPHA Regulatory Agreement' shall mean the Regulatory and Operating <br />Agreement dated December 21, 1998 between the MPHA, the City and the Owner. <br />1.16. "Non -Housing Income " shall mean all amounts actually collected by the Agent, other <br />than as provided in Section 1.18 below, including, but not limited to (1) vending and <br />laundry machine income, (2) income received from rental of parking spaces, garage <br />spaces and commercial space. <br />1.17. 'Public Agencies" shall mean the MHFA, MPHA and City, collectively. <br />1.18. 'Rent' shall mean that monthly amount which a Tenant is obligated to pay the <br />Owner pursuant to the terms of a Lease. <br />1.19. "Section 42" shall mean and refer to Section 42 of the Internal Revenue Code and <br />any regulations and ruling issued thereunder, as it may be amended from time to <br />time. <br />1.20. "Tenant' shall mean a person occupying a dwelling unit in the Development <br />Pursuant to aLease. <br />Section 2. Appointment of Agent. The Owner hereby appoints the Agent, and the <br />Agent hereby accepts appointment, on the terms and conditions hereinafter provided, as <br />2 MANAGEMENT AGREEMENT <br />