Low and moderate income housing means housing financed by bond issues authorized under this act, by federally-aided mortgages as defined in section 11(c), or by other programs directed toward providing
Low and moderate income housing means housing financed by bond issues authorized under this act, by federally-aided mortgages as defined in section 11(c), or by other programs directed toward providing housing within the financial means of low and moderate income families as the authority shall determine.
Low and moderate income housing means any residential premises, or part thereof, affordable according to Federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs occupied or reserved for occupancy by households with a gross income equal to 80% or less of the median gross household income for households of the same size within the housing region in which the housing is located, but shall include only those residential premises subject to resale controls pursuant to contractual guarantees.
Examples of Low and moderate income housing in a sentence
The Agency Loan is funded from the Agency's Low and Moderate Income Housing Fund.
Payment made to construct Restricted Units shall be provided first out of the Low and Moderate Income Housing Fund administered by the Agency pursuant to California Health and Safety Code Section 33334.3 for the purpose of increasing the supply of affordable housing within the City of Milpitas and more particularly in the Project Area.
Authority agrees to budget and use Housing Increment from the Redevelopment Plan Area in accordance with the CCRL to pay in the following order of priority: (i) Authority’s costs of predevelopment, development, and construction of Affordable Housing Units developed or to be developed within the Project Site under the Housing Plan (the “Authority Affordable Housing Costs”); and (ii) any other authorized uses of the Low and Moderate Income Housing Fund.
SOURCE OF FUNDS City Center Low and Moderate Income Housing Fund.
Upon the earlier of the date that is one year after the Closing Date for the 2010 Bonds or receipt by the Fiscal Agent of a Certificate of the Agency or City to the effect that moneys are no longer to be held in such Fund, all moneys remaining in such Fund shall be transferred by the Fiscal Agent to the City for deposit to the Low and Moderate Income Housing Fund.
More Definitions of Low and moderate income housing
Low and moderate income housing means housing as defined in chapter 53 of this
Low and moderate income housing means housing as defined in the federal Low
Low and moderate income housing means any residential premises, or part thereof, affordable according to Federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs occupied or reserved for occupancy by households with a gross Income equal to 80% or less of the median gross household income for households of the same size within the housing region in which the housing is located, but shall include only those residential premises subject to resale controls pursuant to contractual guarantees. "Resident of the State of New Jersey" means any claimant who is legally domiciled in this State when the transfer of the subject property is made. Domicile is what the claimant regards as the permanent home to which he intends to return after a period of absence. Proofs of domicile include a New Jersey voter registration, motor vehicle registration and driver's license, and resident tax return filing. 8. TRANSFERS OF NEW CONSTRUCTION "New construction" means any conveyance or transfer of property upon which there is an entirely new improvement not previously occupied or used for any purpose. On transfers of new construction, the words "NEW CONSTRUCTION" shall be printed clearly at the top of the first page of the deed, and an Affidavit by the grantor stating that the transfer is of property upon which there is new construction shall be appended to the deed. 9. REALTY TRANSFER FEE IS A FEE IN ADDITION TO OTHER RECORDING FEES The fee imposed under Chapter 49, P.L. 1968, as amended, is in addition to the usual recording fees imposed under Xxxxxxx 000, X.X. 0000, Xxxxxxx 0 (X. 00X: 4-4.1). The county recording officer is required to collect the Realty Transfer Fee at the time the deed is offered for recording/transfer. 10.
Low and moderate income housing means any housing subsidized by the federal, or state, or municipal government under any program to assist the construction or rehabilitation of housing as low or moderate income housing, as defined in the applicable federal public agency or any nonprofit organization, or by any limited equity housing cooperative or any private developer, that will remain affordable for ninety-nine (99) years or such other period that is either agreed to by the applicant and town but shall not be for a period of less than thirty (30) years from initial occupancy through a land lease and/or deed restriction or prescribed by the federal or sate subsidy program but shall not be for a period less than thirty (30) years from initial occupancy through a land lease and/or deed restriction.
Low and moderate income housing means housing as defined in chapter 45-53 as
Low and moderate income housing means any housing whether built or operated by any public agency or nonprofit organization or by limited equity housing cooperative or any private developer, that is subsidized by a federal, state or municipal government subsidy under any program to assist the construction or rehabilitation of housing affordable to low or moderate income households as defined in the applicable federal or state statute, or local ordinance and that will remain affordable through a land lease or deed restriction for ninety- nine years or such other period that is either agreed to by the applicant and the town or prescribed by the federal, state or municipal government subsidy program but that is not less than thirty (30) years from initial occupancy.
Low and moderate income housing means any housing whether built or operated by any public agency or nonprofit organization or by limited equity housing cooperative or any private developer, that is subsidized by a federal, state or municipal government subsidy under any program to assist the construction or rehabilitation of housing affordable to low or moderate income households as defined in the applicable federal or state statute, or local ordinance and that will remain affordable through a land lease or deed restriction for ninety- nine years or such other period that is either agreed to by the applicant and the town or prescribed by the federal, state or municipal government subsidy program but that is not less than thirty (30) years from initial occupancy.