Affordable Housing Deduction Sample Clauses

Affordable Housing Deduction. Notwithstanding anything to the contrary herein, the amount of each annual Program Grant calculated in ac�ordance with Sections 5.3.1.1 through 5.3.1.5 shall be reduced by a sum equal to the product of the total number of Residential Units located on the Development Property as of December 31 of the previous year in which the Program Grant is payable multiplied by $200.00 (the "Affordable Housing Deduction"). For example, if there are four hundred (400) Residential Units located on the Development Property as of February 1 of Program Year 1, the Program Grant for that year, calculated in accordance with Sections 5.3.1.1 through 5.3.1.5, will then be reduced by Eighty Thousand Dollars ($80,000.00). Because Developer has agreed to the Affordable Housing Deduction in lieu of making a commitment to set aside a certain number of percentage of Residential Units exclusively for lease to qualifying households whose adjusted incomes do not exceed the then-current eighty percent (80%) income limits established by the United States Department of Housing and Urban Development (HUD) for the Fort Worth-Arlington HUD Metro FMR Area at rents that are affordable to such households, as defined by HUD, Developer understands and agrees that the sum of aggregate Affordable Housing Deductions made under this Agreement shall be included in calculating the Program Cap, as defined in Section 2 and further outlined in Section 5.3.3.
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Related to Affordable Housing Deduction

  • Affordable Housing The Owner covenants with the Council as follows:-

  • EQUAL HOUSING OPPORTUNITY The Property is offered in compliance with Federal, State, and local anti-discrimination laws.

  • FLORIDA PREPAID COLLEGE PROGRAM FOR HOUSING If the Student has or is a beneficiary of a Florida Prepaid College Dormitory Program (FPCDP) housing plan, UCF DHRL can bill the FPCDP housing plan to cover most prepayments and rental amounts. However, the Student is hereby notified that:

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Affordable Care Act The Affordable Care Act requires a Contractor, if Contractor is an applicable large employer under the ACA, to provide healthcare coverage for its employees who provide services for the State and work for 30 or more hours per week. This coverage must also cover the eligible employee’s dependents under the age of 26. The coverage must (a) meet the minimum essential coverage, minimum value, and affordability requirements of the employer responsibility provisions under Section 4980H of the Code (ACA), and (b) otherwise satisfy the requirements of the Code § 4980H (ACA).

  • Examination Leave With Pay At the Employer's discretion, examination leave with pay may be granted to an employee for the purpose of writing an examination which takes place during the employee's scheduled hours of work, where the course of study is directly related to the employee's duties or will improve his qualifications.

  • Housing The receiving institution will guide incoming mobile participants in finding accommodation, according to the requirements of the Erasmus Charter for Higher Education. Information and assistance can be provided by the following persons and information sources: Country Contact details Website for information FROM TO CZ PT xxxxx://xxxxxxx.xx.xx/up/en/web_base.gera_pagina?p_pagina=12 2274 PT CZ xxxxxxxxx@xxx.xxxx.xx, +000000000000 xxxx://xxx.xxxx.xx/incoming-students-housing

  • Fair Housing The Agency is committed to compliance with all laws as well as the philosophy of fair housing for all people. The Agency will present the Property to all prospective Buyers in compliance with local, State, and Federal Fair Housing laws against discrimination on the basis of race, color, religion, sex, national origin, handicap, age, marital status and/or familial status, children, or other prohibited factors.

  • Credit Union Examination We may disregard any information on any check or draft other than the signature of the drawer, the amount, and any magnetic encoding. You agree that we do not fail to exercise ordinary care in paying an item solely because our procedures do not provide for sight examination of items.

  • COOPERATIVE PURCHASING PROGRAM PARTICIPATION Arkansas' Purchasing Law provides that local public procurement units (counties, municipalities, school districts, certain nonprofit corporations, etc.) may participate in state purchasing contracts. The contractor therefore agrees to sell to Cooperative Purchasing Program participants at the option of the program participants. Unless otherwise stated, all standard and special terms and conditions listed within the contract must be equally applied to such participants.

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