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

  • 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.

  • 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.

  • 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.

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

  • Upon a termination for Cause, Garvxx xxxll be entitled to receive only such compensation and benefits as are due Garvxx xxxough the effective date of such termination.

  • 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.


More Definitions of Affordability controls

Affordability controls means the controls established in N.J.A.C. 19:31-23A.15 through 22 on restricted units.
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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 thirty
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Related to Affordability controls

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

  • 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.

  • Insurance Affordability Program means a program that is one of the following:

  • Trade Controls has the meaning specified in Section 4.25(a).

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • 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.

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Control strategy means a plan to attain National Ambient Air Quality Standards or to prevent exceeding those standards.

  • Energy efficiency portfolio standard means a requirement to

  • Irrigation efficiency (IE) means the measurement of the amount of water beneficially used divided by the amount of water applied. Irrigation efficiency is derived from measurements and estimates of irrigation system characteristics and management practices. The irrigation efficiency for purposes of this ordinance are 0.75 for overhead spray devices and 0.81 for drip systems.

  • Affordability Period means the period during which the average rent in a Project is required to be maintained at an affordable level, as determined in accordance with the Program Guidelines or as otherwise established by the County;

  • Internal Controls has the meaning set forth in Section 4.07(d).

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

  • Long-term inpatient care means inpatient services for

  • Interim controls means a set of measures designed to temporarily reduce human exposure or likely exposure to lead-based paint hazards, including specialized cleaning, repairs, maintenance, painting, temporary containment, ongoing monitoring of lead-based paint hazards or potential hazards, and the establishment and operation of management and resident education programs.

  • 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.

  • Best Management Practices (BMPs means schedules of activities, prohibitions of practices, maintenance procedures, and other management practices to prevent or reduce the pollution of waters of the state. BMPs also include treatment requirements, operating procedures, and practices to control site runoff, spillage or leaks, sludge or waste disposal, or drainage from raw material storage.

  • Reliability means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.

  • Structural pest control means a use requiring a license under Chapter 14 (commencing with Section 8500), Division 3, of the Business and Professions Code.

  • Financial Crime Risk Management Activity means any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime that the Bank or members of the HSBC Group may take.

  • Monitoring and reporting requirements means one or more of

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • Resilience means the personal and community qualities that

  • Internal audit means an independent appraisal activity established within an agency as a control system to examine and objectively evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Period of Affordability means the time during which HOME Loan financed units must remain affordable to eligible households, as defined by HOME program regulations and this Plan. The Period of Affordability shall commence upon completion of the project and shall run for the period required under HOME regulations or the term of the HOME Loan, whichever is greater. Completion shall be defined as set forth in the HUD regulations for the HOME program.

  • Energy efficiency means the ratio of output of performance, service, goods or energy, to input of energy;

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Most Referenced Definitions