Proponent - Province Sample Clauses

Proponent - Province. (a) Where there is a direct relationship between the Province and a proponent, the Province will require 100% indemnity of CMHC and provincial funds paid in the event of a claim against the province or CMHC. (b) Indemnification of CMHC will be required during the construction and occupancy period of a project. Indemnification of the province will be required throughout the period during which provincial affordability payments are made.

Proponent - Province. (a) The Proponent shall indemnify the Province for any claims against the County and/or CMHC, in accordance with the Contribution Agreement. (b) The Proponent shall indemnify the County for any claims against the Province and/or CMHC, in accordance with the Contribution Agreement.

Proponent - Province. While this Schedule pertains to the Rental Housing Component of the IAH Program, the same set of underlying principles and requirements could accommodate other program components with minor adjustments.

Proponent - Province. (a) In situations of non-compliance due to misuse or negligence, the province would expect 100% repayment of federal and provincial funds from the proponent. (b) If a project ceases to operate as an IAH project, under reasonable circumstances, the provincial affordability payment would end and best efforts will be made to recover the provincial contributions paid during any period of non-compliance. In the event no proceeds were available, repayment would not be expected. Investment in Affordable Housing for Ontario (IAH) – Rental Housing Component Phone: (519) Cell: (519) Fax: (519) Email: [ ✓ ] private sector [ ] municipal non-profit [ ] co-operative [ ] partnership [ ] private non-profit, charitable corporation [ ] other Type of Construction: Apartment [ ✓ ] Row [ ] Included in Rent: Parking [ ✓ ] Heat [✓] Electricity [ ] Hot Water [ ] Water [ ✓ ] Unit Type Number of Units Unit Sizes Rents Date of Council Approval of Project: Date of MMAH Approval of Project: 1. Municipal Contributions ($X,000,000) a) AHCRF (XX units x $XX,000) $ b) AHCRF Accessible (X units x $5,000) $ 2. Contributions form other sources 3. Provincial Funding $ 4. Federal Funding $ 5. Mortgage $ Soft Costs (legal, architecture, engineering, insurance, taxes, fees, etc.) $ Land Costs $ Construction or Hard Costs (labour, construction materials, equipment) $ Site Acquired Site Plan Approval ESA Phase 1 Mortgage Commitment Demolition Permit Building Permit Construction Start Foundation Completed Structural Framing Completed Substantial Completion Occupancy Interest Adjustment Date The largest unit a household is eligible for is a unit that has: a) one bedroom for any two members of the household who are spouses of each other or same-sex partners of each other; b) one bedroom for each additional member of the household; and c) any additional bedrooms as follows.

Proponent - Province. (a) In situations of non-compliance due to misuse or negligence, the province would expect 100% repayment of federal and provincial funds from the proponent. (b) If a project ceases to operate as an OPHI project, under reasonable circumstances, the provincial affordability payment would end, and best efforts will be made to recover the provincial contributions paid during any period of non- compliance. In the event no proceeds were available, repayment would not be expected.

Proponent - Province. It is expected that all Rental and Supportive projects will be required to obtain CMHC insurance for the first mortgage since this is a condition of funding under the Ontario Mortgage and Housing Partnership Initiative.

Proponent - Province. (a) In situations of non-compliance due to misuse or negligence, the province would expect 100% repayment of federal and provincial funds from the proponent. (b) If a project ceases to operate as an IAH project, under reasonable circumstances, the provincial affordability payment would end and best efforts will be made to recover the provincial contributions paid during any period of non-compliance. In the event no proceeds were available, repayment would not be expected. Phone: (000) 000-0000 Fax: (000) 000-0000 Email: xxxxxxxxxxx@xxxxx.xx

Proponent - Province. While this Schedule pertains to the Rental Housing Component of the OPHI the same set of underlying principles and requirements could accommodate other program components with minor adjustments.

Proponent - Province. (a) In situations of non-compliance due to misuse or negligence, the province would expect 100% repayment of federal and provincial funds from the proponent. (b) If a project ceases to operate as an IAH project, under reasonable circumstances, the provincial affordability payment would end and best efforts will be made to recover the provincial contributions paid during any period of non-compliance. In the event no proceeds were available, repayment would not be expected. Phone: Fax: Email: [ ✓ ] private sector [ ] municipal non-profit [ ] co-operative [ ] partnership [ ] private non-profit, charitable corporation [ ] other Project Information Type of Construction: Apartment [ ✓ ] Row [ ] Included in Rent: Parking [ ✓ ] Heat [✓] Electricity [ ] Hot Water [ ✓ ] Water [ ✓ ] One bedroom Affordable One bedroom Affordable One bedroom Affordable - Accessible One bedroom Market Two bedroom Market Date of Council Approval of Project: Date of MMAH Approval of Project: 1. Municipal Repayable Loan $ $ 2. Municipal Accessible Loan $ $ 3. Community Improvement Program (CIP) $ $ $ 4. Owner Equity $ $ $ 5. Federal Forgivable Loan $ $ 6. Provincial Forgivable Loan $ $ 7. CMHC SEED $ $ 8. Mortgage $ $ $ TOTAL FUNDING AND FINANCING $ $ $ Soft Costs (legal, architecture, engineering, etc.) $ $ $ Land Costs $ $ $ Construction or Hard Costs $ $ $ Operating Budget (Year 1) Revenues Affordable Market Total XX – one bedroom @ 80% CMHC AMR ($XXX x XX x 12) $ $ XX – one bedroom @ 70% CMHC AMR ($XXX x XX x 12) XX – two bedroom Market units ($XXX x XX x 12) XX – one bedroom Market units ($XXX X X X 12) Laundry Income Total Revenue $ $ $ Less: Vacancy Loss 3% - - - Expenditures Affordable Market Total 1. Administration 2. Building Operating 3. Utilities (heat, water, common) 4. Property Taxes 5. Insurance 6. Replacement Reserves 4% 7. Mortgage (rate 2.75% amortization XX years) 8. Superintendent 8. Contingency $ $ $ Total Expenditures $ $ $ Purchase Property Site Plan Approval Building Permit Construction Start Foundation Completed Structural Framing Completed Substantial Completion Lien Publication First Occupancy Full Rent-up Interest Adjustment Date Capital Audit Report – Must be submitted within 90 days of construction completion IAH (2016 SIF) - Rental Housing Component Required for Each Rental Housing Project This is to confirm that the affordable housing project located at XXX, London has employed a total of The apprentices employed during project construction have received tra...

Proponent - Province. (a) In situations of non-compliance due to misuse or negligence, the province would expect 100% repayment of federal and provincial funds from the proponent. (b) If a project ceases to operate as an IAH project, under reasonable circumstances, the provincial affordability payment would end and best efforts will be made to recover the provincial contributions paid during any period of non-compliance. In the event no proceeds were available, repayment would not be expected. Investment in Affordable Housing for Ontario (IAH) – Rental Housing Component Phone: (519) Cell: (519) Fax: (519) Email: [ ✓ ] private sector [ ] municipal non-profit [ ] co-operative [ ] partnership [ ] private non-profit, charitable corporation [ ] other Type of Construction: Apartment [ ✓ ] Row [ ] Included in Rent: Parking [ ✓ ] Heat [✓] Electricity [ ] Hot Water [ ] Water [ ✓ ]