Affordable Cost definition

Affordable Cost. Section 2

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Affordable Cost means housing costs not exceeding:

Affordable Cost means a cost that is based on the needs and financial capability of the slum dweller, as determined by the State Government or the authorized agency.

Examples of Affordable Cost in a sentence

The City will not approve any mortgage loan which includes negative amortization, a mortgage loan with interest only payments or balloon payments, or a mortgage loan that may cause the Owner's monthly housing costs, as determined by the City, to exceed the Affordable Cost at any time during the term of such loan.
Negative amortization loans, purchase money loans with interest only payments, purchase money loans with balloon payments or other purchase money loans that, as determined by the City, may cause the Eligible Purchaser's monthly housing cost to exceed the Affordable Cost at any time during the term of such loans shall not be permitted.
The City will not approve any mortgage loan which includes negative amortization, a mortgage loan with interest only payments or balloon payments, or a mortgage loan that may cause the Owner's housing costs, as determined by the City, to exceed the Affordable Cost at any time during the term of such loan.
During such 45 year period, if a Property is sold or refinanced, Developer, its successor and assigns shall ensure that each Property continues to be available at an Affordable Cost to a Lower Income Household who will use the Property as their principal residence.
Developer covenants and agrees for itself, its successors and assigns, and any successor-in-interest to the Property or part thereof, that during the term of the Use Covenant, the Property shall remain available at an Affordable Cost to a Lower Income Household for a period of forty-five (45) years commencing upon recordation of the Deed.

More Definitions of Affordable Cost

Affordable Cost means a cost that is based on the needs and financial capability of the slum dweller, as determined by the State Slum Redevelopment Authority.

Affordable Cost means the cost determined by the State Slum Redevelopment and Rehabilitation Authority, from time to time, as the reasonable cost to be paid by the slum dweller for allotment of dwelling space;

Affordable Cost means the cost determined by the Government, from time to time, as the reasonable cost to be paid by the slum dweller belonging to EWS category for allotment of dwelling space;

Affordable Cost means in relation to Disposals under the Second Schedule hereto: 1.