Common use of Affordable Housing Clause in Contracts

Affordable Housing. The Developer agrees to maintain for a period of twenty (20) years, calculated from the first day of building occupancy, no fewer than 8 ‘affordable’ 2 bedroom apartment units with monthly rental rates based at or below 30% of the Single Parent Median Income in Rothesay as determined by the most recent available data from Statistics Canada.

Affordable Housing. The Developer agrees to maintain for a period of twenty (20) years, calculated from adjusted by the Consumer Price Index based upon initial occupancy at the first day of building occupancy, no fewer than 8 thirteen (13) ‘affordable’ 2 bedroom apartment units with monthly similar finishes for flooring, trim, bathrooms, paint and kitchen cabinets as the market rental rates based units, with a Base Monthly Rental Rate at or below 30% of the Single Median Total Income of Lone-Parent Median Income economic families in Rothesay as determined by the most recent available data from Statistics Canadapublished 0000 Xxxxxxxxx Xxxxxx data, being $53,376, in Rothesay.

Affordable Housing. The Developer agrees to maintain for a period of twenty (20) years, calculated from adjusted by the Consumer Price Index based upon initial occupancy at the first day of building occupancy, no fewer than 8 nine (9) ‘affordable’ 2 two bedroom apartment units with monthly similar finishes for flooring, trim, bathrooms, paint and kitchen cabinets as the market rental rates based units, with a Base Monthly Rental Rate at or below 30% of the Single Median Total Income of Lone-Parent Median Income economic families in Rothesay as determined by the most recent available data from published 2020 Statistics CanadaCanada data, being $54,400, in Rothesay.

Affordable Housing. The Developer agrees to maintain for a period of twenty (20) years, calculated from adjusted by the Consumer Price Index based upon initial occupancy at the first day of building occupancy, no fewer than 8 ten (10) ‘affordable’ 2 bedroom apartment units with monthly similar finishes for flooring, trim, bathrooms, paint and kitchen cabinets as the market rental rates based units, with a Base Monthly Rental Rate at or below 30% of the Single Median Total Income of Lone-Parent Median Income economic families in Rothesay as determined by the most recent available data from Statistics Canadapublished 2015 Statistic Canada data, being $53,376, in Rothesay.