PROVISION OF AFFORDABLE HOUSING Sample Clauses

PROVISION OF AFFORDABLE HOUSING. 3.1 The Proponent agrees to undertake its Development Activities in connection with the Project in accordance with the provisions relating to the development of the Project contained in the Program Guidelines. 3.2 The Proponent shall, subject to Force Majeure, achieve Substantial Completion in accordance with the Program Guidelines. 3.3 Without limiting the condition set out in section 5.1(b), the Proponent shall use its reasonable best efforts to discharge or cause the discharge of any registered construction liens so as to ensure that there are no construction liens registered against the Project on the date for the disbursement of the Loan under sections 2.4 and 2.5. The County's obligation to disburse shall be conditional upon Proponents compliance with the Construction Lien Act as set out in section 5.1 (b). 3.4 The Proponent shall not at any time during the term of this Agreement breach any Contribution by Others Agreement respecting the Project including any municipal capital facility agreement made pursuant to section 110 of the Xxxxxxxxx Xxx, 0000 and shall not, through any breach on its part, cause such other entity to terminate a Contribution by Others Agreement for cause. The Proponent agrees that a breach by it of any such Contribution by Others Agreement, that has not been corrected, shall constitute a breach of this Agreement. All Contribution by Others Agreements shall be attached as Schedule “C”. The Proponent shall provide the County with evidence of its good standing under any such Contribution by Others Agreement within ten (10) Business Days following its receipt of a written request from the County.
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PROVISION OF AFFORDABLE HOUSING. 3.1 Without limiting the condition set out in section 5.1(b), the Proponent shall use its reasonable best efforts to discharge or cause the discharge of any registered construction liens so as to ensure that there are no construction liens registered against the Project on the date for the disbursement of the Loan under sections 2.3 and 2.4. The County's obligation to disburse shall be conditional upon the Proponent's compliance with the Construction Lien Act as set out in section 5.1 (b). 3.2 The Proponent shall not at any time during the term of this Agreement breach any Contribution Agreement respecting the Project ncluding any municipal capital facility agreement made pursuant to section 110 of the Xxxxxxxxx Xxx, 0000 and shall not, through any breach on its part, cause such other entity to terminate a Contribution Agreement for cause. The Proponent agrees that a breach by it of any such Contribution Agreement, that has not been corrected, shall constitute a breach of this Agreement. The Proponent shall provide the County with evidence of its good standing under any such Contribution Agreement within ten (10) Business Days following its receipt of a written request from the County.
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PROVISION OF AFFORDABLE HOUSING. The Developer agrees to provide Affordable Housing on the Land pursuant to clause 8.2 below, upon the issue of the relevant Occupation Certificate for the Residential Lots.
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PROVISION OF AFFORDABLE HOUSING. Section 3.1 The Proponent acknowledges and agrees that the Rental Protocol set out in Schedule “H” 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 Tenant Protection Act, 1997, and its regulations. Section 3.2 The Proponent agrees to operate the units in accordance with the rules set out in Schedule “G” of this Agreement.
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PROVISION OF AFFORDABLE HOUSING. 2.1. The Owner covenants with the Borough Council that:- 2.1.1. a minimum of 40% of the total Residential Units permitted by the Permission across the Site shall be constructed and Practically Completed as Affordable Housing; 2.1.2. a minimum of 40% of the total Residential Units within each Neighbourhood Area shall be constructed and Practically Completed as Affordable Housing;
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PROVISION OF AFFORDABLE HOUSING. The Owner covenants with the Council as follows: 3.1 To construct and Practically Complete the Shared Ownership Units 3.2 Subject to paragraph 3.3 below not to Occupy or permit the Occupation of more than seventy five percent (75%) of the Open Market Dwellings until: 3.2.1 All of the Shared Ownership Units have achieved Practical Completion and have been made ready for residential Occupation and a National Home Building Council certificate (or equivalent acceptable to the Council) has been issued for them; and 3.2.2 The freehold transfer of the Affordable Housing Land has been offered to a Registered Provider of Social Housing on reasonable terms (including for this purpose the Council)
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PROVISION OF AFFORDABLE HOUSING. The Developer has agreed as part of the Project approval to provide Affordable Dwelling Units as set forth in this Agreement as part of the development program. Each Phase of the Project shall dedicate a minimum of ten percent (10%) of the Dwelling Units for occupancy of households with Adjusted Incomes that do not exceed 100% of AMI, and the average Adjusted Income for all set-aside Affordable Dwelling Units in each Phase shall not exceed sixty percent (60%) of AMI. For the purposes of the foregoing: 5.2.1 Compliance with the foregoing affordability goals set forth in this Agreement shall be determined on a Specific Parcel Master Plan (SPMP) basis (i.e., each SPMP of the Project shall be measured and monitored for its compliance with the affordability goals), and each Individual Development within an SPMP shall be assigned its role and obligation in maintaining and operating Affordable Dwelling Units within such Individual Development so as to comply with the affordability requirements for its particular SPMP. As provided in Section 5.2.2 below, Developer shall assign each Individual Development its role and obligation in maintaining and operating Affordable Housing Units. 5.2.2 Each Individual Development shall have a memorandum of understanding (“MOU”) between the Owner and the City to establish its role and obligation in maintaining the affordability goals and such MOU must be submitted with each Final Site Plan in accordance with City of Orlando City Code Section 65.342. As part of Final Site Plan review for such Individual Development, the MOU shall be reviewed by the HCDD for compliance with this Section 5. The MOU shall be part of (and a condition of) Final Site Plan Approval. The MOU must be approved by Council and executed by all parties prior to issuance of a building permit. The role and responsibility of an Individual Development, consistent with the terms of the executed MOU, also shall be established and addressed by an assignment agreement between the Developer and the Owner of such Individual Development, approved in form by the City and recorded among the Public Records of Orange County, Florida (an “Affordability Assignment”). Consistent with the affordability goals being determined and measured on a Phase-by-Phase basis, an Individual Development shall be assigned the role and responsibility of maintaining either more or less than a minimum of ten percent (10%) of its Dwelling Units as Affordable Dwelling Units in order to achieve the o...
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PROVISION OF AFFORDABLE HOUSING. 4.1 The Proponent agrees to undertake its Development Activities in accordance with the provisions relating to the development of the Project contained in the Program Guidelines. 4.2 Without limiting the condition set out in section 6.1(b), the Proponent shall use its best reasonable efforts to discharge or cause the discharge of any registered construction liens to ensure that there are no construction liens registered against the Project on the date for the disbursement of the Loan under this Agreement. 4.3 The Proponent shall not at any time during the term of this Agreement breach any Contribution Agreement respecting the Project that it has entered into by means of a Contribution by Others, including any municipal capital facility agreement made pursuant to section 110 of the Municipal Act, 2001 and shall not, through any breach on its part, cause such other entity to terminate a Contribution Agreement for cause. The Proponent agrees that a breach by it of any such Contribution Agreement, which has not been corrected, shall constitute a breach of this Agreement. All such agreements by means of a Contribution by Others shall be attached as Schedule “C.” The Proponent shall provide the Service Manager with evidence of its good standing under any such Contribution Agreement within ten (10) Business Days following its receipt of a written request from the Service Manager. 4.4 The proponent will work to the best of their ability to achieve the full occupancy of the Units within two years from the date of signing of this Agreement.
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PROVISION OF AFFORDABLE HOUSING. 3.1 The Proponent agrees to undertake its Development Activities in connection with the Project, which is the construction and provision of 40 Affordable Housing Units, in accordance with the provisions relating to the development of the Project contained in the Proposal, the Proposal Call, and the Program Guidelines. 3.2 The Proponent shall, subject to Force Majeure, achieve Substantial Completion in accordance with the Proposal and the Program Guidelines. 3.3 The Proponent agrees that it shall use the proceeds of the Loan, in accordance with the terms of this Agreement for the purpose of its Development Activities and/or in the operation and administration of the Project over the Term. 3.4 During the Term of this Agreement, the number of Affordable Housing Units rented or available for rent to tenants who have incomes at or below the Maximum Income Limit must be maintained at 40.
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Related to PROVISION OF AFFORDABLE HOUSING

  • Affordable Housing Owner shall set aside and reserve ten percent (10%) of the total multifamily residential units located in the Project as affordable housing units consistent with the terms set forth herein, for Income Eligible Residents earning in the aggregate no more than sixty percent (60%) of AMI. The published income limits will be adjusted by household size. The income limits will be adjusted annually according to the HUD published limits. To that end, no fewer than the number of multifamily units in the Project set forth in the table below shall, pursuant to the terms and conditions of a Land Use Restriction Agreement (i.e., the “XXXX”) in substantially the form attached hereto as “Attachment 1” to this Schedule P and incorporated herein by reference. Capitalized terms used but not defined in this Schedule but which are defined in the XXXX shall have the same meaning herein as therein. Each Phase of the Project shall have no few than the number of Affordable Housing Units allocated to it in in the table below. The table is as follows: PHASES AFFORDABLE HOUSING UNITS ALLOCATED TO PHASE PHASE 1 446 PHASE 2 300 PHASE 3 240 986 PRO FORMA TOTAL MULTIFAMILY UNITS IN THE PROJECT 10% 99 TOTAL AFFORDABLE UNITS Each such Affordable Unit in a Phase will be made available for a period of time not less than twenty (20) years following the date on which the last multifamily building of a Phase receives a permanent certificate of occupancy (each, an “Affordable Housing Compliance Period”), to Income Eligible Residents as defined in the XXXX. Such requirements shall be referred to with respect to each Phase as the “Affordable Housing Requirements.” The foregoing Affordable Housing Requirements will be set forth in the XXXX in such form as is consistent with the then applicable practices of ACC for similar affordable housing transactions, provided that such form does not alter the Affordable Housing Requirements set forth in this Agreement, permits transferability and release consistent with Section 12.4 hereof, and does not increase the obligations of Owner, its successors and assigns. The current form of XXXX is attached “Attachment 1” to this Schedule P. Upon approval of a subsequent form of XXXX by ACC and review and approval by the Owner consistent with the foregoing, the subsequent form of the XXXX may be affixed hereto as “Attachment 1” to this Schedule P without further amendment to this Agreement. The XXXX shall be recorded in the Athens-Xxxxxx County land records in customary fashion upon the submission of the initial and Requisition and shall be recorded only against the applicable parcel on which such units are constructed. The Affordable Housing Requirements are part of this Agreement, and the failure by Owner to comply with same shall be an Event of Default under this Agreement. The Affordable Housing Requirements shall terminate with respect to each such Phase of the Project, respectively, upon conclusion of the Affordable Housing Compliance Period for such Phase as set forth in the applicable XXXX. For purposes of compliance with O.C.G.A. §44-5-60, the parties understand and agree that no XXXX will have a period greater than 20 years, but that this Agreement shall automatically terminate upon the expiration of a XXXX if simultaneously therewith Owner does not enter into a new, replacement XXXX that extends for the lesser of 20 years or the period necessary that the 20 year Affordability Housing Requirements are satisfied on a cumulative basis.

  • Legal-Related Services Nothing in this Agreement shall be deemed to appoint USBFS and its officers, directors and employees as the Fund attorneys, form attorney-client relationships or require the provision of legal advice. The Fund acknowledges that in-house USBFS attorneys exclusively represent USBFS and rely on outside counsel retained by the Fund to review all services provided by in-house USBFS attorneys and to provide independent judgment on the Fund’s behalf. Because no attorney-client relationship exists between in-house USBFS attorneys and the Fund, any information provided to USBFS attorneys may not be privileged and may be subject to compulsory disclosure under certain circumstances. USBFS represents that it will maintain the confidentiality of information disclosed to its in-house attorneys on a best efforts basis.

  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Outpatient Dental Anesthesia Services This plan covers anesthesia services received in connection with a dental service when provided in a hospital or freestanding ambulatory surgical center and: • the use of this is medically necessary; and • the setting in which the service is received is determined to be appropriate. This plan also covers facility fees associated with these services. This plan covers dental care for members until the last day of the month in which they turn nineteen (19). This plan covers services only if they meet all of the following requirements: • listed as a covered dental care service in this section. The fact that a provider has prescribed or recommended a service, or that it is the only available treatment for an illness or injury does not mean it is a covered dental care service under this plan. • dentally necessary, consistent with our dental policies and related guidelines at the time the services are provided. • not listed in Exclusions section. • received while a member is enrolled in the plan. • consistent with applicable state or federal law. • services are provided by a network provider.

  • DEPENDENT PERSONAL SERVICES 1. Subject to the provisions of Articles 16, 18 and 19, salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State. 2. Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the first-mentioned State if: a) the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days in any twelve-month period commencing or ending in the tax year concerned, and b) the remuneration is paid by, or on behalf of, an employer who is not a resident of the other State, and c) the remuneration is not borne by a permanent establishment or a fixed base which the employer has in the other State. 3. Notwithstanding the preceding provisions of this Article, remuneration derived in respect of an employment exercised aboard a ship or aircraft operated in international traffic by a resident of a Contracting State, may be taxed in that State.

  • HABILITATIVE SERVICES (HABILITATIVE mean healthcare services that help a person keep, learn, or improve skills and functioning for daily living. Examples include therapy for a child who is not walking or talking at the expected age. These services may include physical and occupational therapy, speech therapy and other services performed in a variety of inpatient and/or outpatient settings for people with disabilities. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Affordable Care Act The Affordable Care Act requires a Contractor, if Contractor is an applicable large employer under the ACA, to provide healthcare coverage for its employees who provide services for the State and work for 30 or more hours per week. This coverage must also cover the eligible employee’s dependents under the age of 26. The coverage must (a) meet the minimum essential coverage, minimum value, and affordability requirements of the employer responsibility provisions under Section 4980H of the Code (ACA), and (b) otherwise satisfy the requirements of the Code § 4980H (ACA).

  • Dependent Care Assistance Program The County offers the option of enrolling in a Dependent Care Assistance Program (DCAP) designed to qualify for tax savings under Section 129 of the Internal Revenue Code, but such savings are not guaranteed. The program allows employees to set aside up to five thousand dollars ($5,000) of annual salary (before taxes) per calendar year to pay for eligible dependent care (child and elder care) expenses. Any unused balance is forfeited and cannot be recovered by the employee.

  • Education - Asthma This plan covers asthma education services when the services are prescribed by a

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