Common use of Project-level targeted incomes Clause in Contracts

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.

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 Income and Extremely Low-income 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.