Affordable Housing Units. No bedroom or unit in the Property is leased or reserved for lease as an affordable housing unit or for low- or moderate-income residents. The Property is not required to lease or reserve any unit or bedroom as an affordable housing unit or bedroom or for low-income or moderate-income residents pursuant to a presently existing agreement or Applicable Law.
Affordable Housing Units. To Seller’s knowledge, the Property is not subject to any restriction or covenant requiring that any units in the Facility be leased or reserved for lease as an affordable housing unit or for low or moderate income residents.
Affordable Housing Units. Exhibit H is a true and complete list of each unit within the Facilities (specifying the number of bedrooms in each unit) which is leased or reserved for lease as an affordable housing unit, or for low or moderate income residents. Exhibit H truly and correctly lists the number of units (and the number of bedrooms in each such unit) at the Facilities which may be required to be leased as an affordable housing unit, or for low or moderate income residents, pursuant to a presently existing agreement or requirement of law.
Affordable Housing Units. 3.1 The Owner covenants and agrees that twenty (20) residential housing units within the Development will be developed and will thereafter be held and occupied throughout the Term as Affordable Housing Units under the terms of this Agreement.
Affordable Housing Units. Pursuant to MPS AH 1.8, MPS AH1.9, and MPS AH2.2, the on-Site Affordable Housing Units in Phase 1 shall:
(i) include approximately fifteen (15) 1-bedroom units, and eight (8) 2-bedroom units;
(ii) be constructed and occupied generally concurrent with construction and occupation of the market rate dwelling units to be developed as part of Phase 1;
(iii) provide at least 700 square feet of net livable space per 1-bedroom unit and 1100 square feet of net livable space per 2-bedroom unit (for the purposes of this condition, “livable space” shall not include interior mechanical rooms or spaces);
(iv) be constructed and initially located in accordance with the Revised Plans, subject to any changes in location permitted under a Regulatory Agreement entered into by the Applicant and the Town of Barnstable, and approved by the Department of Housing and Community Development (the “Regulatory Agreement”);
(v) at least five (5) of the Affordable Units shall be visitable or disabled- accessible units; and
(vi) services and amenities included in any base residential package for market units shall be included in the residential package for Affordable Housing Units.
Affordable Housing Units. 12.1 The Developer covenants and agrees to provide Affordable Housing Units subject to this Section 12:
a) the Affordable Housing Units shall be constructed by or on behalf of the Developer on the Lands, at the rate of one Affordable Housing Unit for every ten residential dwelling units built on the Lands that are not Affordable Housing Units, (that is, based on 10% of the total number of residential dwelling units built on the Lands less the number of Affordable Housing Units already built);
b) the Developer shall construct an Affordable Housing Unit prior to or concurrently with the construction of the residential dwelling units that trigger the requirement in section 12.1 (a) for the applicable Affordable Housing Unit and the Developer:
i) shall complete the construction of the Affordable Housing Unit so as to enable issuance of an occupancy permit for the Affordable Housing Unit prior to or concurrently with the issuance of any occupancy permits in respect of the construction of the residential dwelling units that trigger the requirement in section 12.1(a);
Affordable Housing Units. A “Affordable Housing Unit” is each residential dwelling unit in the Project that is designated as being subject to the Affordability Requirement, which will be all residential dwelling units in the Project except Community Housing Units and Employee Housing Units. Tenant agrees to market, lease and operate the Affordable Housing Units on the terms set forth in this Lease.
Affordable Housing Units. Attached hereto as Exhibit P is a true and complete list of each unit within the Facilities (specifying the number of bedrooms in each unit) which is leased or reserved for lease as an affordable housing unit, or for low or moderate income residents. Exhibit P truly and correctly lists the number of units (and the number of bedrooms in each such unit) at the Facilities which may be required to be leased as an affordable housing unit, or for low or moderate income residents, pursuant to a presently existing agreement or requirement of law.
Affordable Housing Units. Attached hereto as Exhibit Q is a true and complete list of each unit within the Facilities (specifying the number of bedrooms in each unit) which is leased or reserved for lease as an affordable housing unit, or for low or moderate income residents. Exhibit Q truly and correctly lists the number of units (and the number of bedrooms in each such unit) at the Facilities which may be required to be leased as an affordable housing unit, or for low or moderate income residents, pursuant to a presently existing agreement or requirement of law.
Affordable Housing Units. Buyer shall develop INSERT # (*) *single family residential dwellings/residential townhouse units/multifamiliy apartment units/duplex units* all of, or # of which shall be Affordable Housing Units serving families earning at or below eighty percent (80%) of the Charlotte, NC metropolitan Area Median Income (“AMI”) as determined annually by U.S. Department of Housing and Urban Development’s (“HUD’s”), median income guidelines, and as adjusted for family size.
