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 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 childcare that support people in obtaining or maintaining a job.

Examples of Affordability in a sentence

• The purchasing Affordable Housing Unit Owner shall submit to the Agency within seventeen (17) days after the closing on the Unit Sale a final executed settlement statement and a copy of the deed recorded in the Land Records, including the Declaration(s) of Eligibility, Acknowledgement(s) of Covenant, and Certification of Income, Affordability, and Housing Size.

• By execution of a deed for the For Sale Affordable Housing Unit, Owner shall be deemed to represent and warrant to, and agree with, the District and, if applicable, the title company, each of whom may rely on the following: that (i) the purchaser is a Qualified Purchaser pursuant to the executed Certification of Income, Affordability, and Household Size and Declaration(s) of Eligibility received by Owner, and (ii) the sale price satisfies the requirements of this Covenant.

• Affordability and priority when compared to competing unmet needs.

• Affordability of the property when compared to the applicants’ income and expenditure, see appendix one for the methodology that will be followed to determine whether a property is affordable.

More Definitions of Affordability

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 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