Affordability Compliance Period definition

Affordability Compliance Period means, the period of twenty (20) consecutive year beginning with the first year of following the execution of this Declaration by all the Parties.
Sample 1Sample 2Sample 3
Affordability Compliance Period means the period of time from the date a residential 1-4 unit property is transferred to a LMI Purchaser from HLB or from an Approved Builder who had acquired the property from HLB for the purposes of providing said residential property.
Sample 1Sample 2Sample 3
Affordability Compliance Period means the 75-year period commencing upon the date the final certificate of occupancy for the residential apartment units in the Shell Apartments is issued by Arlington County, and ending no later than December 31, 2089, during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Amended and Restated Borrower Declarations and Article IV of this Agreement.
Sample 1Sample 2Sample 3

Examples of Affordability Compliance Period in a sentence

  • The City's interpretation of this Declaration shall be controlling for purposes of determining whether (i) the Affordability Compliance Period has commenced, and (ii) this Declaration shall have been terminated in accordance with Section 5 hereof.


More Definitions of Affordability Compliance Period

Affordability Compliance Period means the period of years commencing on December 8, 2006 and expiring December 1, 2071 at 11:59 p.m., during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Amended and Restated County Restrictive Covenants and Article IV of this Agreement.
Sample 1Sample 2
Affordability Compliance Period means, the period of fifteen (15) consecutive year beginning with the first year of following the execution of this Declaration by all the Parties for homebuyer developments. The term shall be twenty (20) consecutive years for rental developments.
Sample 1Sample 2
Affordability Compliance Period means the three (3) year period commencing upon the Effective Date and expiring August 1, 2021 three (3) years later at 11:59 p.m., during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the County Restrictive Covenants and Article IV of this Agreement. If, pursuant to Section 2.02 below, the Borrower extends the term of the County Loan and this Agreement to January 1, 2022, the term of the Affordability Compliance Period shall automatically be extended to January 1, 2022.
Sample 1
Affordability Compliance Period means the period of time from the Effective Date through December 31, 2072, during which time the Borrower covenants and agrees for itself, its successors or its assigns to comply with each restriction and covenant set forth in the Amended and Restated Borrower Declarations and Article IV of this Agreement.
Sample 1

Related to Affordability Compliance Period

  • Distribution Compliance Period means the period that ends 40 days after the completion of the distribution of each Tranche of Notes, as certified by the relevant Dealer (in the case of a non-syndicated issue) or the relevant Lead Manager (in the case of a syndicated issue);

  • Compliance Period means a period of time that the Development shall conform to all set-aside requirements as described further in the rule chapter and agreed to by the Applicant in the Application.

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

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

  • Compliance Plan means the compliance obligations, program, and procedures described in this Consent Decree at paragraph 13.

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Compliance Program means the program established by CNYCC to prevent, detect, and address compliance issues that arise with respect to PPS operations, projects or activities.

  • Compliance Department means the Chief Compliance Officer of Federated and those other individuals designated by him or her as responsible for implementing this Code and the Associated Procedures.