Affordable Rent Units. 2/3 of the units which Program Funds have been utilized shall not exceed eighty per cent (80%) of CMHC Average Market Rent for the London CMA. Rent increases will follow the RTA rent increase guidelines and must not exceed 80% CMHC AMR for the term of the agreement.
Appears in 3 contracts
Samples: Municipal Contribution Agreement, Municipal Contribution Agreement, Municipal Contribution Agreement
Affordable Rent Units. 2/3 of the units Units which Program Funds have been utilized shall not exceed eighty per cent (80%) of CMHC Average Market Rent for the London CMA. Rent increases will follow the RTA rent increase guidelines and must not exceed 80% CMHC AMR for the term of the agreement. Rents include water, heat and parking.
Appears in 2 contracts
Samples: Municipal Contribution Agreement, Municipal Contribution Agreement
Affordable Rent Units. 2/3 of the units [ ] Units f or which Program Funds have been utilized shall not exceed eighty per cent (80%) of the CMHC Average Median Market Rent for the London CMA. Rent increases will follow the RTA rent increase guidelines and must not exceed 80% CMHC AMR MMR for the term of the agreement. Rents include a fridge, stove, and water.
Appears in 1 contract
Samples: Contribution Agreement
