Affordability Restrictions definition

Affordability Restrictions means limits on rents and income for persons or families seeking to qualify as tenants in the rental property.

Affordability Restrictions means the affordability restrictions applicable to the Affordable Units as set forth in this Agreement and in the Affordable Housing Covenant.

Affordability Restrictions means limits on rents that owners may charge for occupancy of a rental unit in assisted housing and limits on tenant income for persons or families seeking to qualify as tenants in assisted housing.

Examples of Affordability Restrictions in a sentence

• In other words, Habermas believes that while it is necessary to adopt a critical stance towards modernity and its instrumental and subjective conceptions of reason, it is both vital and possible to perceive modernity and the enlightenment as an ongoing and unfinished project.

• In the event the Property is encumbered by other District or federal affordability restrictions (“Non-Small Building Program Affordable Housing Covenant”) during the term of the Affordability Period, it is expressly understood and agreed that in the event the requirements in this Covenant conflict with the Non- Small Building Program Affordability Restrictions, then the requirements of the more restrictive covenant shall control to the extent of the conflict.

• DeedRiderSAR-Massachusetts(Universal) 5/3016 LOCAL INITIATIVE PROGRAMAFFORDABLE HOUSING DEED RIDER For Projects in Which Affordability Restrictions Survive Foreclosure made part of that certain deed (the "Deed") of certain property (the “Property”) from ("Grantor") to ("Owner") dated , 200 .

• The Owner (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and is qualified to do business and is in good standing under the laws of the District of Columbia, (ii) is authorized to perform under this Covenant and (iii) has all necessary power to execute and deliver this Covenant.10.11 Federal and District Affordability Restrictions.

• The homebuyer must sign a Deed of Trust in favor of the City of Tustin and other City documents (Promissory Note, Covenants, Reimbursement Agreement, Notice of Affordability Restrictions on Transfer of Property and Option Agreement) to make certain that the property will continue to be sold at an affordable housing cost for a period of 45 years from the original date of sale.

More Definitions of Affordability Restrictions

Affordability Restrictions. ’ means, with respect to a

Affordability Restrictions meanss covenants, conditions and restrictions running with the land and recorded in the Office of the Santa Clara County Recorder in connection with a residential unit to be utilized by Lower Income Households within the City of San Jose. The Affordability Restrictions shall require that the residential unit be

Affordability Restrictions means covenants, conditions and restrictions running with the land and recorded in the Office of the Santa Clara County Recorder in connection with a residential unit to be utilized by Lower or Moderate Income Households within the City of San José. The Affordability Restrictions shall require that the residential unit be utilized by L ow or Moderate L ower Income Households for a minimum period of thirty ninety-nine (9930) years or for such other period as may be required by local, state or federal law.

Affordability Restrictions means restrictions placed on Units within Projects pursuant to federal, state, or local laws or regulations that help to ensure such Units remain affordable to households based on their respective income levels (including, without limitation, the restrictions described in

Affordability Restrictions. The DEVELOPER agrees to assist the GRANTOR in restricting the use of the property by executing and recording a Land Use Restriction Agreement, Mortgage, and Note (hereinafter the “DOCUMENTS”) in form and with the same content as that executed under even date herewith. DOCUMENTS shall be identical in substantial form as the forms in “Attachment 4” attached hereto and by reference made a part hereof.

Affordability Restrictions means any affordability restriction recorded against the Lessee’s leasehold interest in the Property created by this Lease, and the affordability restriction recorded on , 201 in the Official Records of Santa Xxxxx County as Document No. , and the affordability restriction recorded on , 201 in the Official Records of Santa Xxxxx County as Document No. against the fee interest in the Property.

Affordability Restrictions means any affordability restriction recorded against the Lessee’s leasehold interest in the Property created by this Lease, including the affordability restriction recorded on May 7, 2013 in the Official Records of Santa Xxxxx County as Document No. 22209695, and the inclusionary affordability restriction recorded on May 22, 2009 in the Official Records of Santa Xxxxx County as Document No. 20263451 as amended by a first amendment recorded on May 7, 2013 in the Official Records of Santa Xxxxx County as Document No. 22209694 against the fee interest in the Property so long as such affordability restriction remains in full force and effect and has not been terminated as a result of a foreclosure or deed-in-lieu thereof under any Leasehold Mortgage.