Unit Mix of Bedrooms MHP Assisted Units Restricted (including Assisted) non- Restricted Units Total Units Rent Utility Allowance Net Rent (gross – util. allw.) Annual Net Rent Income Limit Totals
Unit Mix. The distribution of Affordable Units shall be proportional to that of the Market-Rate Units (e.g., if the Market-Rate Units have a mix of 30% studios, 40% one- bedrooms, and 30% two-bedrooms, the Affordable Units shall have a similar mix).
Unit Mix. A minimum of 44% of the residential units shall consist of 2 or more bedrooms; and
Unit Mix. The unit mix of the Affordable Units in each building shall be similar to the overall unit mix of the building within 30% of the unit mix percentage for each unit type. The table below provides two examples of permissible unit quantities in a 300-unit building which provides 6% Affordable Units (3% Middle Income and 3% Very Low Income Units): Total Building Scenario One Scenario Two Unit Type Total Quantity Unit Mix Quantity AUs %(max) Relative Ratio Quantity AUs % (min) Relative Ratio Studio 45 15% 3 16.7% +11% 2 11.1% (-26%) 1bd 135 45% 9 50% +11% 7 38.9% (-14%) 2bd 90 30% 4 22.2% (-26%) 7 38.9% +30% 3bd 30 10% 2 11.1% +11% 2 11.1% +11% Total 300 100% 18 100% 18 100%
Unit Mix. (i) duplexes or semi-detached dwellings shall contain at least one unit of a minimum of 800 sq.ft.;
(ii) 3 or 4 unit apartment buildings shall contain at least two units of a minimum of 800 sq.ft.
Unit Mix. A minimum of 50% of the residential units shall consist of 2 or more bedrooms. This mix may be increased up to 5% provided the maximum residential density does not exceed 140 persons.
Unit Mix. All Workforce Housing Units shall be marketed and rented solely to Eligible Residents and units will be classified only as 80% AMI units, 100% AMI units or 120% AMI units. The Project intends ultimately to achieve the Target Unit Mix. The monthly rent for the Workforce Housing Units shall not exceed the rent limit by number of bedrooms in unit and household income for the AMI category applicable to the Workforce Housing Units in question, as determined from time to time. The current projected annual budgets reflected in the pro forma for the Project, anticipate a need for the Unit Mix at the time of opening to be 100% of the Workforce Housing Units (i.e., all 80 units) as 120% AMI units. When the Annual Budget is developed in respect of each Annual Period, Lessor and Lessee shall, if possible, modify the Unit Mix by reallocating units from 120% AMI units to 100% AMI and/or 80% AMI units to approach the Target Unit Mix as closely as possible, while ensuring, as of the date each such Annual Budged is developed, the Project’s ability to repay the Series 2022 Bonds, to cover all operating expenses and meet the debt service coverage requirements of Section 510 of the Indenture for disbursement of the Rent. The restrictions relating to the Workforce Housing Units shall extend for the duration of the Term, notwithstanding the durations otherwise identified in Chapter 58 of the City Code.
Unit Mix. In accordance with the Master Plan, the Vertical Development must include certain Affordable Units, which Affordable Units must in the aggregate consist of at least 20% of the Housing Units developed on the Property subject to the following affordability requirements: (i) 5% of the aggregate Housing Units to be affordable to households earning 60% or less of AMI; (ii) 5% of the aggregate Housing Units to be affordable to households earning 50% or less of AMI; and (iii) 10% of the aggregate Housing Units to be affordable to households earning 30% or less of AMI (collectively, the “Affordable Housing Requirements”). The number of Affordable Units to be developed on the Property to fulfill the Affordable Housing Requirements is currently anticipated to be 763. Based on the anticipated 763 Affordable Units, the mix of Affordable Units under the Affordable Housing Requirements is anticipated to include the following:
(i) Approximately 31 Affordable Units located within Market Rate Rental Elements leased at rates which are considered affordable, in accordance with standards established by HUD, to households earning 60% AMI or less.
(ii) Approximately 380 Affordable Units located within Affordable Rental Elements leased at rates which are considered affordable, in accordance with standards established by HUD, to households earning 30% AMI or less.
(iii) Approximately 156 Affordable Units located within Affordable Rental Elements leased at rates which are considered affordable, in accordance with standards established by HUD, to households earning 60% AMI or less.
(iv) Approximately 190 Affordable Units located within Affordable Rental Elements leased at rates which are considered affordable, in accordance with standards established by HUD, to households earning 50% AMI or less.
(v) No less than six For-Sale Housing Units to be occupied by and sold at prices which are considered affordable (in accordance with standards established by HUD) to individuals or households earning 60% AMI or less (the “Owner-Occupied Affordable Units”).
Unit Mix. No. of Bedrooms VHHP Assisted Units Restricted (including Assisted) non- Restricted Units Total Units Rent Utility Allowance Net Rent (gross – util. allw.) Annual Net Rent Income Limit % SMI % AMI % SMI % AMI % AMI % AMI % SMI % AMI % AMI 0 Market Rate 0 Mngr. Totals The above Unit Mix chart is based on the following: Maximum Gross Rent is as stated in the [insert year] XXXX [or non-HERA] VHHP Income, Rent and Loan Limits. Income Limit is as stated in the [insert year] HERA [or non-HERA] VHHP Income Rent and Loan Limits.
