Affordable housing agreement definition

Affordable housing agreement shall have that meaning set forth in Section 3.09 of this Agreement.

Affordable housing agreement means an affordable housing agreement as described in Section A-1.8, or a "regulatory agreement" as defined in Section 8-10.20(a).

Affordable housing agreement means an agreement in conformance with Section 16.65.090(B) between the City and an applicant, governing how the applicant shall comply with this chapter.

Examples of Affordable housing agreement in a sentence

• Affordable housing agreement with developer.2. Record Deed Restriction.3. Clear buyers ortenants with Housing Authority.

• Affordable housing agreement – General fund:The City has entered into three Affordable Housing Agreements with developers wherein the developers have agreed to comply to certain affordability covenants including the reimbursement to the City of forgone property taxes which would have been payable for the property, increasing at the rate of approximately 2 percent annually.

• Affordable housing agreement – General fund: The City has entered i nto an Affordabl e Housing Agreement wi th a developer wherein the devel oper has agreed to compl y to certai n affordability covenants including the reimbursement to the City of forgone property taxes whi ch would have been payabl e for the property, increasing at the rate of 2 percent annual ly.

More Definitions of Affordable housing agreement

Affordable housing agreement means an agreement between the applicant and the city guaranteeing the affordability of rental or ownership units in accordance with the provisions of this chapter.

Affordable housing agreement means an agreement made between an applicant for a Density Bonus Project and the City regarding the provision and monitoring of any affordable housing unit(s) authorized and required within the Density Bonus Project.

Affordable housing agreement means each affordable housing agreement negotiated and entered into between Authority and Developer for each Phase of the Project that shall be the basis for Developer’s application to TCAC for an allocation of Tax Credits for each Phase.

Affordable housing agreement means a legally binding agreement between a Developer and Heber City and the Wasatch County Housing Authority which ensures that the requirements of this ordinance are satisfied.

Affordable housing agreement means a written agreement between a builder and the City as provided by Section 17.138.080.B.

Affordable housing agreement means a legally binding agreement between an applicant and the City to ensure that the requirements are satisfied in accordance with Chapter 20.380, Section 20.380.014 of the Inclusionary Housing Regulations.

Affordable housing agreement means an agreement a legally binding agreement in conformance with Section 30.41.090B of this chapter between the City and an applicant to ensure that the inclusionary requirements of this chapter are satisfied governing how the applicant shall comply with this chapter.