BMR Reducation Program Sample Clauses

BMR Reducation Program. A. The median income BMR requirement is eliminated for all project phases with allocations through FY 2009-10, that are commenced* in entirety on or prior to April 30, 2011 September 2011**, and pass a foundation inspection within 90 days of permit issuance and pass a shear and roof sheeting inspection within 90 days of the foundation inspection. All median income BMR unit(s) shall be constructed per the approved precise development plan but will not be required to be enrolled in the City‟s Below Market Rate program per the requirements of the above paragraph and may be sold at market rate. After April 30, 2011 September 30, 2011** the median income BMR requirement is reinstated and the completed unit(s) after this date shall be enrolled the City‟s BMR program. * “Commenced” as defined in City Council policy CP 07-04. **As amended by Council. To be eligible for the elimination or reduction of the median income BMR requirement the project must comply with each of the following:
Sample 1
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BMR Reducation Program. A. The median income BMR requirement is eliminated for all project phases with allocations through FY 2009-10, that are commenced* on or prior to September 30, 2010, 2011, ** and pass a foundation inspection within 90 days of permit issuance and pass a shear and roof sheeting inspection within 90 days of the foundation inspection. All median income BMR unit(s) shall be constructed per the approved precise development plan but will not be required to be enrolled in the City’s Below Market Rate program per the requirements of the above paragraph and may be sold at market rate. After September 30, 2010, 2011, ** the median income BMR requirement is reinstated and the completed unit(s) after this date shall be enrolled the City’s BMR program. * “Commenced” as defined in City Council policy CP 07-04. ** As amended by Council
Sample 1

Related to BMR Reducation Program

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