Examples of Affordability Period in a sentence

Floating Units are changed to maintain conformity with the requirements of this section during the Affordability Period so that the total number of housing units meeting the requirements of this section remains the same, and substituted unit is comparable in terms of size, features, and number of bedrooms to the originally designated HOME-assisted unit.

More Definitions of Affordability Period

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

Affordability Period means for Supportive Housing Projects either:

Affordability Period means the [insert “twenty (20) year period” or “details in words (and numbers) of such longer period” as may be established in the Procurement Process] following the date of the first (1st) occupancy of a Unit in the Project;

Affordability Period means, as to each Phase, a period beginning on the date that a permanent certificate of occupancy is issued for the last multifamily building of each such Phase and expiring on the twentieth (20th) anniversary thereof.

Affordability Period means the length of time a recipient or subrecipient must impose the rent or occupancy income restrictions on the units assisted by HOME funds as established by federal program requirements.

Affordability Period means the “twenty-five (25) year period” following the date of the first (1st) occupancy of a Unit in the Project;

Affordability Period is defined in Article X.