Common use of OPERATION OF AFFORDABLE HOUSING Clause in Contracts

OPERATION OF AFFORDABLE HOUSING. 4.1 The Proponent acknowledges and agrees that the Rental Protocol set out in Schedule "D" applies to the Project by virtue of the contractual terms of this Agreement, notwithstanding that the Rental Protocol does not apply to the Project under the Residential Tenancies Act, 2006. 4.2 Prior to occupancy of a unit, the tenant shall be subject to review and approval of the Service Manager for compliance with the Program requirements. The Proponent shall provide written notice to each prospective first tenant regarding the review by the Service Manager. 4.3 The Proponent agrees to operate the Units in accordance with the rules set out in Schedule "D" of this Agreement. 4.4 The City requires that the Proponent provide XX units for singles, couples, working poor, recent immigrants, supportive housing and Aboriginal people. 4.5 The City requires that 2/3 of units in the project will not exceed 80% or less of the CMHC AMR as outlined in Schedule “D”. Rent increases may follow the Residential Tenancies Act, 2006 rent increase guidelines but must not exceed 80% of the CMHC AMR for the term of the agreement. At initial occupancy, the rent for a one bedroom apartment will be $563 including items listed in section 4.7. This rent will not be adjusted prior to occupancy. 4.6 The City requires that 1/3 of the units in the project will not exceed 70% or less of the CMHC AMR as outlined in Schedule “D”. Rent increases may follow the Residential Tenancies Act, 2006 rent increase guidelines but must not exceed 70% of the CMHC AMR for the term of the agreement. Tenants for these units must be from the Housing Access Centre’s Waiting List. At initial occupancy, the rent for a one bedroom apartment will be $493 including items listed in section 4.7. This rent will not be adjusted prior to occupancy. 4.7 The City requires that the Affordable Rent for a project include the fridge, stove, unit heat, water and parking. 4.8 This Project will adhere to the Occupancy Standards as outlined in Schedule “O”. These standards determine the size and type of unit in respect of which a household can occupy under the IAH.

OPERATION OF AFFORDABLE HOUSING. 4.1 The Proponent acknowledges and agrees that the Rental Protocol set out in Schedule "D" applies to the Project by virtue of the contractual terms of this Agreement, notwithstanding that the Rental Protocol does not apply to the Project under the Residential Tenancies Act, 2006. 4.2 Prior to occupancy of a unit, the tenant shall be subject to review and approval of the Service Manager for compliance with the Program requirements. The Proponent shall provide written notice to each prospective first tenant regarding the review by the Service Manager. 4.3 The Proponent agrees to operate the Units in accordance with the rules set out in Schedule "D" of this Agreement. 4.4 The City requires that the Proponent provide XX forty-six (46) Affordable Rental Housing units for singles, couples, working poor, recent immigrants, supportive housing immigrants and Aboriginal peoplepeople and fourteen (14) market units. 4.5 The City requires that 2/3 of Affordable Rental Housing units in the project Project will not exceed 80% or less of the CMHC AMR as outlined in Schedule “D”. Rent increases may follow the Residential Tenancies Act, 2006 rent increase guidelines but must not exceed 80% of the CMHC AMR for the term of the agreementAgreement. At initial occupancy, the rent for a one bedroom apartment will be $563 619 monthly including items listed in section 4.7. This rent will not be adjusted prior to occupancy. 4.6 The City requires that 1/3 of the Affordable Rental Housing units in the project Project will not exceed 70% or less of the CMHC AMR as outlined in Schedule “D”. Rent increases may follow the Residential Tenancies Act, 2006 rent increase guidelines but must not exceed 70% of the CMHC AMR for the term of the agreementAgreement. Tenants for these units must be from the Housing Access Centre’s Waiting List. At initial occupancy, the rent for a one bedroom apartment will be $493 544 monthly including items listed in section 4.7. This rent will not be adjusted prior to occupancy. 4.7 The City requires that the Affordable Rent for a project Project include the fridge, stove, plumbing and electrical included for in-suite washers and dryers, unit heat, water and parking. 4.8 This Project will adhere The City requires that the Proponent contribute a minimum 4% of rental income annually to a designated reserve fund account and provide account information to the Occupancy Standards as outlined in Schedule “O”. These standards determine the size and type of unit in respect of which a household can occupy under the IAHService Manager annually.

OPERATION OF AFFORDABLE HOUSING. 4.1 The Proponent acknowledges and agrees that the Rental Protocol set out in Schedule "D" applies to the Project by virtue of the contractual terms of this Agreement, notwithstanding that the Rental Protocol does not apply to the Project under the Residential Tenancies Act, 2006. 4.2 Prior to occupancy of a unit, the tenant shall be subject to review and approval of the Service Manager for compliance with the Program requirements. The Proponent shall provide written notice to each prospective first tenant regarding the review by the Service Manager. 4.3 The Proponent agrees to operate the Units in accordance with the rules set out in Schedule "D" of this Agreement. 4.4 The City requires that the Proponent provide XX forty-six (XX) Affordable Rental Housing units for singles, couples, working poor, recent immigrants, supportive housing immigrants and Aboriginal peoplepeople and fifteen (XX) market units. 4.5 The City requires that 2/3 of Affordable Rental Housing units in the project Project will not exceed 80% or less of the CMHC AMR as outlined in Schedule “D”. Rent increases may follow the Residential Tenancies Act, 2006 rent increase guidelines but must not exceed 80% of the CMHC AMR for the term of the agreementAgreement. At initial occupancy, the rent for a one bedroom apartment will be $563 XXX monthly including items listed in section 4.7. This rent will not be adjusted prior to occupancy. 4.6 The City requires that 1/3 of the Affordable Rental Housing units in the project Project will not exceed 70% or less of the CMHC AMR as outlined in Schedule “D”. Rent increases may follow the Residential Tenancies Act, 2006 rent increase guidelines but must not exceed 70% of the CMHC AMR for the term of the agreementAgreement. Tenants for these units must be from the Housing Access Centre’s Waiting List. At initial occupancy, the rent for a one bedroom apartment will be $493 XXX monthly including items listed in section 4.7. This rent will not be adjusted prior to occupancy. 4.7 The City requires that the Affordable Rent for a project Project include the fridge, stove, plumbing and electrical included for in-suite washers and dryers, unit heat, water and parking. 4.8 This Project will adhere The City requires that the Proponent contribute a minimum 4% of rental income annually to a designated reserve fund account and provide account information to the Occupancy Standards as outlined in Schedule “O”. These standards determine the size and type of unit in respect of which a household can occupy under the IAHService Manager annually.