This Article shall remain in effect and shall not terminate so long as the Authority’s mortgage loan remains outstanding and unpaid or the Authority has any interest in the property; or the housing development remains subject to income and rent restrictions pursuant to Section 42 of the Internal Revenue Code of 1986, as amended, provided that construction of the housing development commence within one year from the effective date of this Article. (Ord. 0-04-03, 12-20-04)