Affordable Housing Contract definition

Affordable Housing Contract means: a binding contract with a Registered Provider (RP) for a binding contract for sale or agreement for lease combining the sale or long lease of the relevant part of the Affordable Housing Land with a contract for the construction of the Affordable Dwellings in each such case includes:-
Affordable Housing Contract means a binding contract between the Owner and the Affordable Housing Provider for the transfer and construction of the Affordable Housin g Units within a whole or part of a Phase to the Affordable Housing Provider;
Affordable Housing Contract means a contract between the Owner and a Registered Provider for the provision of Affordable Housing within the Development which includes the terms set out in paragraph [6] below or such other terms as are agreed between the Council the Owner and the Registered Provider.

Examples of Affordable Housing Contract in a sentence

  • Affordable Housing Contract (“Contract”) – a legal document by which the City will enforce the rules and procedures laid out in this document and assure compliance with the affordable housing requirements of the City of Durham’s Unified Development Ordinance (“UDO”).

  • An Affordable Housing Contract (“Contract”) will be signed by both the City and the Owner and will stipulate the income, rent and/or sales price guidelines for the Affordable Units, steps for on-going monitoring and remedies for non- compliance during the life of the contract.

  • AFFORDABLE HOUSING Resolution 2019-68 Appointing CGP&H, LLC as Administrative Agent for Affordable Housing Contract was reviewed by Ms. Trunk and approved.

  • An Affordable Housing Contract (“Contract”) will be signed by both the City and the Owner and will stipulate the income, rent and/or sales price guidelines for the Affordable Units, steps for on-going monitoring and remedies for non- compliance during the life of the Contract.

  • Executive Session: Resolution 2022-144 Authorizing Executive Session to discuss the following: Potential Litigation – Affordable Housing, Contract Negotiations – Delran Patrolman’s Association and Contract Negotiations – Republic Services Trash Contract XII.


More Definitions of Affordable Housing Contract

Affordable Housing Contract means a contract between the Owner and a Registered Provider for the provision of Affordable Housing, Affordable Rented Housing, Social Rented Housing or Shared Ownership Housing within the Development which includes the terms set out in paragraph 11 of the Second Schedule or such other terms as are agreed between the Owner and the Registered Provider

Related to Affordable Housing Contract

  • Affordable housing means, unless the context clearly

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable Housing Cost means an amount satisfied by:

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Long-term acute care facility (LTAC) means a facility or Hospital that provides care to people with complex medical needs requiring long-term Hospital stay in an acute or critical setting.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility and/or any other healthcare facility authorized to receive insured mortgage financing pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • Mutual housing corporation means a corporation not-for-profit,

  • Workforce housing means housing for sale or rent with combined rental costs

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;