Affordable Housing Sample Clauses

Affordable Housing. Method of calculation Not consulted for this application Need/justification Current provision/ existing facilities (excl affordable housing) Details of anticipated facility or infrastructure Amount On site Amount Off site Officer ▇▇▇▇▇ ▇▇▇▇▇▇▇, Housing Officer (Strategy and Enabling)

Affordable Housing. The Developer shall comply with the affordable housing requirements as set forth in Exhibit L.

Affordable Housing. Owner shall set aside and reserve ten percent (10%) of the total multifamily residential units located in the Project as affordable housing units consistent with the terms set forth herein, for Income Eligible Residents earning in the aggregate no more than sixty percent (60%) of AMI. The published income limits will be adjusted by household size. The income limits will be adjusted annually according to the HUD published limits. To that end, no fewer than the number of multifamily units in the Project set forth in the table below shall, pursuant to the terms and conditions of a Land Use Restriction Agreement (i.e., the “▇▇▇▇”) in substantially the form attached hereto as “Attachment 1” to this Schedule P and incorporated herein by reference. Capitalized terms used but not defined in this Schedule but which are defined in the ▇▇▇▇ shall have the same meaning herein as therein. Each Phase of the Project shall have no few than the number of Affordable Housing Units allocated to it in in the table below. The table is as follows: PHASES AFFORDABLE HOUSING UNITS ALLOCATED TO PHASE PHASE 1 446 PHASE 2 300 PHASE 3 240 986 PRO FORMA TOTAL MULTIFAMILY UNITS IN THE PROJECT 10% 99 TOTAL AFFORDABLE UNITS Each such Affordable Unit in a Phase will be made available for a period of time not less than twenty (20) years following the date on which the last multifamily building of a Phase receives a permanent certificate of occupancy (each, an “Affordable Housing Compliance Period”), to Income Eligible Residents as defined in the ▇▇▇▇. Such requirements shall be referred to with respect to each Phase as the “Affordable Housing Requirements.” The foregoing Affordable Housing Requirements will be set forth in the ▇▇▇▇ in such form as is consistent with the then applicable practices of ACC for similar affordable housing transactions, provided that such form does not alter the Affordable Housing Requirements set forth in this Agreement, permits transferability and release consistent with Section 12.4 hereof, and does not increase the obligations of Owner, its successors and assigns. The current form of ▇▇▇▇ is attached “Attachment 1” to this Schedule P. Upon approval of a subsequent form of ▇▇▇▇ by ACC and review and approval by the Owner consistent with the foregoing, the subsequent form of the ▇▇▇▇ may be affixed hereto as “Attachment 1” to this Schedule P without further amendment to this Agreement. The ▇▇▇▇ shall be recorded in the Athens-▇▇▇▇▇▇ County land records in custom...

Affordable Housing. The Owner covenants with and undertakes to the Council as follows:

Affordable Housing. 1.1 Not to Commence Development unless and until the Owners shall have submitted in writing to the Borough Council and obtained the written approval of the Borough Council to the Affordable Housing Scheme for the provision of the Affordable Housing Dwellings as part of the Development (such approval not to be unreasonably withheld or delayed) 1.2 To provide the Affordable Housing Dwellings in accordance with the Affordable Housing Scheme or any variations agreed in writing by the Borough Council thereto 1.3 Not to Occupy or to permit the Occupation of more than 70% of the Market Dwellings until the Affordable Housing Dwellings have been constructed ready for Occupation and the freehold interest in them has been transferred to a Registered Provider 1.4 In the event of no Registered Provider taking delivery of some or all of the Affordable Rented Dwellings prior to Occupation of no more than 70% of the Open Market Dwellings to be constructed for whatever reason including no grant or insufficient grant funding being available, the Owners shall: 1.4.1 give to the Borough Council notice in writing of their failure to enter into such contract; and 1.4.2 demonstrate to the reasonable satisfaction of the Borough Council that reasonable endeavours have been used to secure such an agreement by providing the Borough Council with the following information: (i) an explanation of the marketing strategy employed to dispose of the Affordable Housing to include copies of all marketing material and details of the length of time the Affordable Housing were marketed; (ii) a copy of any offer letter; and (iii) a copy of any responses to the offer letter 1.5 In the event of no Registered Provider taking delivery of some or all of the Affordable Housing prior to Occupation of no more than 70% of the Open Market Dwellings is not found for whatever reason, the Borough Council shall at its discretion elect that the Owner either 1.5.1 agree with the Borough Council as a first solution an alternative tenure mix or reduction in the Affordable Housing Dwellings to make the package more attractive to a Registered Provider or the Local Housing Authority; or 1.5.2 If the alternative package does not successfully attract a Registered Provider (or a Local Housing Authority) then the cascade will provide a mechanism for the following option of gifting a reasonable proportion of the Affordable Housing Dwellings to the Borough Council 1.5.3 pay the Borough Council the Affordable Housing Commut...

Affordable Housing. The Town and County will seek ways to implement its land use and development regulations in a manner that reflects the community values of diverse housing choice and affordability.

Affordable Housing. [Affordable Housing Clauses]

Affordable Housing. Prior to or concurrent with the submittal of the first Master Tentative Map, Builders Tentative Map, or Commercial Map, an affordable housing plan must be submitted to, and approved by, the City that provides for the following: 1. A minimum of five hundred (500one thousand (1,000) affordable dwelling units must be identified and constructed as follows, in accordance with the terms and provisions of Section 26 hereinset forth below: (i) Two hundred forty (240) affordable dwelling units must be identified and constructed within the first two (2) phases of the La Entrada Project; Phase 1 will contain a minimum of one hundred fifty (150) affordable dwellings units and Phase 2 will contain the balance of ninety (90) affordable dwelling units; and (a) An initial minimum of one hundred (100) units will be constructed in the first phase of residential construction as those units are shown on the Master Subdivision Map; An additional minimum of one hundred (100) units will be constructed in the second phase; and an additional minimum of three hundred (300) units will be constructed in the third phase. (ii) Two(b) The remaining five hundred sixty (260) affordable dwelling(500) units must be identified and constructed within the remaining three (3) phases of the La Entrada Project at the discretion of the Landowner.

Affordable Housing. 1.1 The Council covenants with the Developer to act reasonably in reviewing the draft Affordable Housing Scheme/Site and draft Affordable Housing Scheme/Block and not to unreasonably withhold or delay approval.