Additional Affordable Housing Units definition

Additional Affordable Housing Units. “Affordable Housing” means additional units of Affordable Housing pursuant to the Additional Affordable Housing Scheme to be provided on the Property as part of the Development pursuant to the provisions of this Schedule 6 means housing including London Affordable Rented Housing, and Intermediate Ownership Housing provided to eligible households whose needs are not met by the market and which housing should (a) meet the needs of eligible purchasers or renters including availability at a cost low enough for them to afford, determined with regard to local incomes and local housing prices, and (b) include provision for the home to remain at an affordable price for future eligible purchasers or renters, or, if these restrictions are lifted, for the subsidy to be recycled for alternative affordable housing provision within Greater London (as defined in section 2 Government Act 1963) of the London “Affordable Tenure Split” Housing Target Means a tenure mix of: a. a minimum of 60 per cent (by Habitable Room) to be provided as London Affordable Rented Housing; and b. a minimum of 40 per cent (by “Application Stage Build Costs” Habitable Room) of to be provided as Intermediate Ownership Housing means £16,992,821 being the estimated cost of demolition, construction, external works and assumed contingency allowance in respect of the Development as determined by the Application Stage Viability Appraisal “Application Stage GDV” means £30,264,596 being the estimated gross development value of the Development established by the Application Stage Viability Appraisal and which takes into account any Public Subsidy
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Additional Affordable Housing Units means provision of Affordable Rented Units
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Additional Affordable Housing Units means the Open Market Housing Units to be converted to Affordable Housing pursuant to the Additional Affordable Housing Scheme to be approved under paragraph 4 of this schedule;
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Examples of Additional Affordable Housing Units in a sentence

  • The Government Accounting Office (GAO) determined the document has a broader potential interest, and ordered additional copies that for their re- gional libraries for sale to the public.

  • In the event that the submitted Additional Affordable Housing Scheme is not approved, the Owner is to submit a revised Additional Affordable Housing Scheme unless the Council concludes that no Additional Affordable Housing Units are required.

  • Where it is agreed or determined pursuant to this Part 1 of Schedule 5 that there shall be Additional Affordable Housing Units then the Owner covenants to submit the Affordable Housing Programme and to deliver the Additional Affordable Housing Units in accordance with the Affordable Housing Programme as approved by the Council in writing under this Part 1.

  • The Affordable Housing Units and Additional Affordable Housing Units shall together not exceed 50 per cent (by Habitable Room) of the Residential Units PROVIDED THAT the tenure split of the Affordable Housing Units across the Development accords with the Affordable Housing Tenure Split.

  • DIVISION REQUEST AND RECOMMENDATION SUMMARY‌ Issue Descriptions R-1 Additional Affordable Housing Units: The Department of Local Affairs is requesting $2.0 million General Fund to provide additional affordable housing units for workforce needs and lower income families.


More Definitions of Additional Affordable Housing Units

Additional Affordable Housing Units means provision of Affordable Rented Units and/or Shared Ownership Units (in accordance with Annex 2 of the NPPF) to be provided in the sizes tenure types and locations proposed by the Owner and agreed with the Council in the Revised Viability Appraisal and agreed by the Independent Assessor in the Review Report subject to a maximum percentage of Affordable Housing which accords with the adopted policy position prevailing at the date of the Review Report
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Additional Affordable Housing Units means the Affordable Housing to be provided at the Land if the Early Stage Review pursuant to paragraph 3.5 of Schedule 4 concludes it is justified by applying Formula 1b as found at Annex C of this deed
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Related to Additional Affordable Housing Units

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable housing means, unless the context clearly

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Affordable Housing Cost means an amount satisfied by:

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Cooperative Apartment A dwelling unit in a multi-dwelling building owned or leased by a Cooperative, which unit the Mortgagor has an exclusive right to occupy pursuant to the terms of a proprietary lease or occupancy agreement.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Housing Unit means a detached or attached (including townhouse condominium or condominium) single-family house (but excluding mobile homes) owned by the Restricted Parent or a Subsidiary of the Restricted Parent (i) which is completed or for which there has been a start of construction and (ii) which has been or is being constructed on any real estate which immediately prior to the start of construction constituted a Lot.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Apartment Dwelling means any dwelling unit within a building containing more than four dwelling units where the units are connected by an interior corridor;

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Residential Dwelling Unit means any portion of a building that contains living facilities, including a room or rooms in a facility that have shared cooking, bathing, toilet, or laundry facilities such as dormitories, shelters, assisted living facilities, and boarding homes. "Residential dwelling unit" also means facilities that include provisions for sleeping, cooking, bathing, and toilet facilities for one or more persons and are used for extended stays, such as time-shares and extended-stay motels. "Residential dwelling unit" does not mean a guest room in a motel or hotel.

  • Affordable Units means units that have rents that do not

  • Non-Residential Property means all Assessor’s Parcels of Developed Property for which a building permit(s) was issued for a non-residential use.

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Residential property means improved property that:-

  • Real Estate-Related Securities shall have the meaning set forth in the Charter.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.

  • Residential Lot means a lot, the use of which is limited by law, covenant,