Affordability definition

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

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

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.

Examples of Affordability in a sentence

• The City shall exempt the Project from taxation for municipal and school purposes for the Affordability Period.

• Affordability, accessibility, and relevancy now became important watchwords governing the vision of PIBC.

• The Owner hereby agrees that the Project is to be developed, owned, managed and operated for the Affordability Period as “residential rental property,” as such phrase is used in Section 42(d) of the‌‌‌‌‌ Code, on a continuous basis during the Affordability Period.

• In addition, on April 1, 2022, Xxxxxx Permanente will make a one-time contribution of $1 million for reserves/additional expense to support the work of the Affordability and Competitiveness Task Force.

• During the Affordability Period, the Owner shall not evict or terminate the tenancy of an existing tenant of any Dwelling Unit other than for good cause and shall not increase the gross rent above the maximum allowed under Section 42 of the Code with respect to any Qualified Unit.

More Definitions of Affordability

Affordability means that—

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

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 the Housing costs to the household are less than 30% of the total before-tax household income. "Agreement" – means the CMHC-British Columbia Bilateral Agreement Under the 2017 National Housing Strategy and all its schedules, as amended from time to time.