Affordability controls definition

Affordability controls means the requirements set forth in the
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Affordability controls means the requirements set forth in the Uniform Housing Affordability Controls to ensure that a restricted rental unit remains affordable to a low-income household or moderate-income household, as applicable.
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Affordability controls means restrictions set on rents and tenant income limits on the Affordable Housing Units to be administered by the Redeveloper or its designee, compliance with which will be enforced by the Township or its delegated agent, subject to a deed restriction for a term of forty-five (45) years, as set forth in Section 4.9(b) herein.
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Examples of Affordability controls in a sentence

  • Affordability controls shall be imposed upon purchase and maintained upon transfer in accordance with the provisions of the Uniform Housing Affordability Controls promulgated by the agency.

  • Affordability controls in the form of deed restrictions have begun to expire for some affordable housing created during the 1980s.

  • Affordability controls shall comply with all standards set forth in UHAC per N.J.A.C. 5:80-26.1 et seq.

  • For each unit the following information must be retained to be reported annually:• Street Address• Case No.• Block/Lot/Unit Number• Owner/Renter• Income: Low or Moderate• Final Inspection Date• Funds Expended on Hard Costs• Funds Recaptured• Major Systems Repaired• Unit Below Code & Raised to Code• Effective date of affordability controls• Length of affordability controls (yrs.)• Affordability controls removed SECTION VIII.

  • Affordability controls for 40 years starting in 2003 are in place.

  • An owner- applicant is a person who owns a housing structure proposed for rehabilitation, or a building proposed for an accessory apartment, and is applying to create a rental unit.D. Affordability controls shall be clearly identified in the application package, and shall be in conformance with this chapter and COAH’s Rules N.J.A.C. 5:93-9.

  • Affordability controls must be secured by regulatory agreement, ground lease, a loan agreement, or other enforceable regulatory control for a minimum term of 30 years.

  • For each unit the following information must be retained to be reported annually:• Street Address• Case No.• Block/Lot/Unit Number• Owner/Renter• Income: Low or Moderate• Final Inspection Date• Funds Expended on Hard Costs• Funds Recaptured• Major Systems Repaired• Unit Below Code & Raised to Code• Effective date of affordability controls• Length of affordability controls (yrs.)• Affordability controls removedSECTION VIII.

  • Affordability controls and reporting requirements are set forth in a project’s conditions of approval.

  • Affordability controls: The group discussed a variety of affordability controls, including capped or shared equity, resale provisions, and a land trust arrangement.


More Definitions of Affordability controls

Affordability controls means restrictions set on rents and tenant income limits on the Affordable Housing Units to be administered by the Redeveloper or its designee, compliance with which will be enforced by the Township or its delegated agent, subject to a deed restriction for a term of thirty
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Affordability controls means the controls established in N.J.A.C. 19:31-23A.15 through 22 on restricted units.
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Related to Affordability controls

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Resource Adequacy Requirements has the meaning set forth in Section 3.3.

  • Portability means transfer by an individual health insurance policyholder (including family cover) of the credit gained for pre-existing conditions and time-bound exclusions if he/she chooses to switch from one insurer to another.

  • Reliability means the degree of performance of the elements of the electric system that results in electricity being delivered to and from an applicant in the amount desired while avoiding adverse effects on the adequacy and security of the electric supply, defined respectively as:

  • Resilience means the personal and community qualities that