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, with respect to a

Examples of Affordability Restrictions in a sentence

• The Affordability Restrictions shall provide that, upon Developer's or owner's written request at any time following expiration, the City shall provide a release of the Affordability Restrictions in a form reasonably acceptable to the owner within thirty (30) days after such request.

• The term of the Affordability Restrictions for rental units shall be per the IHO.

• Owner agrees and acknowledges that section 33334.3(f)(3) of the California Community Redevelopment Law requires the recording of the Notice of Affordability Restrictions on Transfer of Property, substantially in the form of Exhibit G attached hereto.

• Since the JPA was already set up, it was unlikely that the structure could be modified. Enforceability of Affordability Restrictions: The program gave the City no way to enforce the affordability restrictions.

• Modifications to Multifamily Loan and Security Agreement (Sponsor-Initiated Affordability Restrictions) (6271).

More Definitions of Affordability Restrictions

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.

Affordability Restrictions. ' shall 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 Income Households within the City. The Affordability Restrictions shall require that the residential unit be utilized by

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 Income Households within the City of San Jose. The Affordability Restrictions shall require that the residential unit be utilized by Lower Income Households for a minimum period of thirty (30) years or for such other period as may be required by 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.

Affordability Restrictions means limitations imposed, from time-to-time, upon Tenant and/or upon the Premises or the Housing Improvements, upon any of the income levels of occupants of residential units in the Project or upon the rents that may be charged to occupants of residential units in the Project. Affordability Restrictions may be imposed in various contexts including, among others, pursuant to applicable Internal Revenue Code sections governing the tax credits, or by a lender in connection with the financing.

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.