Affordability definition

Affordability means a housing unit that satisfies at least one of the following criteria:

Affordability means a community's ability, on a per house- hold basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means that the financial commitments to be incurred by an institution in terms of the PPP agreement can be met by funds –

Examples of Affordability in a sentence

• Developer may only change the designation of a Rental Affordable Unit to a new Designated Affordability Level or to a Market-Rate Unit as necessary to allow an Over-Income Tenant to remain in the unit.

• Upon the occurrence of any failure of Developer to fully and timely perform its agreements, covenants, and obligations under the PDA, Construction and Use Covenant, and Affordability Covenant, upon request by District, Guarantors shall, at Guarantor’s sole cost and expense, cure such default by or failure of Developer.

• Each Guarantor agrees that any rights of such Guarantor, whether now existing or later arising, to receive payment on account of any indebtedness (including interest) or other obligations or liabilities owed to such Guarantor by another Guarantor or Developer shall at all times be subordinate to the time of payment and in all other respects to the full and prior indefeasible performance of all obligations owed to District under the PDA, Construction and Use Covenant, and Affordability Covenant.

• The Affordability Period for each For Sale Affordable Unit (is or is not) renewed upon each subsequent sale of the For Sale Affordable Unit.

• Modifications to Multifamily Loan and Security Agreement (Sponsor-Initiated Affordability Restrictions) (6271).

More Definitions of Affordability

Affordability means activities that provide affordability in a variety of ways in the lives of low- and moderate-income people. It can include the creation of affordable housing, infrastructure improvements that support housing, affordable business financing, or services such as transportation or child care that support people in obtaining or maintaining a job.

Affordability means a community's ability, on a per household basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means that—

Affordability means price relative to per capita income;

Affordability means the relative ability of the people of the state to pay for or incur the cost of a proposal, given:

Affordability means the Housing costs to the household are less than 30% of the total before-tax household income;

Affordability means that payment for healthcare services must be based on the principle of equity to ensure that healthcare services whether privately or publicly provided, are affordable for all, including the socially disadvantaged.8