Project-level targeted incomes Clause Samples

Project-level targeted incomes. For each Multi-family rental Affordable Housing Project, financed or supported with Eligible Project Costs, at least twenty percent (20%) of the units in each Project shall be leased by Low-Income Families (inclusive of Very Low-income and Extremely Low-income Families). For the purposes of this Section 5.2(b), a project consists of one or more buildings or structures on the same site that together are considered one property (or on scattered sites if developed together) under the same ownership.