Affordable Housing Contribution means the sum of £3,500,000 in total (with no indexation) for the purpose of the provision of off-site Affordable Housing in the Borough of Epsom & Xxxxx which may be payable by the Developer in accordance with paragraph [x] of this Schedule 4;
Affordable Housing Contribution means the sum of ……….. pounds (£……..) Index Linked as hereinafter provided as a commuted sum in lieu of provision of Affordable Housing on the Site to be applied towards the provision of Off Site Affordable Housing
Affordable Housing Contribution means the sum of [ ] which shall be applied towards the provision by the Council of off-site Affordable Housing within the District of North Hertfordshire;
Examples of Affordable Housing Contribution in a sentence
Notwithstanding 5.1(a), the Owner's obligation to provide the Affordable Housing Contribution may be fulfilled by way of monetary contribution to the relevant Registered Housing Agency, if agreed by the relevant Registered Housing Agency.
Prior to the issue of a Statement of Compliance for the Stage that creates the 100th Lot , the Owner must enter into an agreement or alternative arrangement with a Registered Housing Agency under the Housing Act 1983 that provides for the delivery of the Affordable Housing Contribution to the Registered Housing Agency at the cost of the Owner in accordance with the requirements of the Registered Housing Agency and to the satisfaction of Council.
More Definitions of Affordable Housing Contribution
Affordable Housing Contribution means a sum of £60,000 and payable to the Council for the purposes of providing off- site affordable housing in the administrative district of the Council.
Affordable Housing Contribution means the payment by the Proprietor of the sum calculated by application of the following formula:-
Affordable Housing Contribution means the sum of £ ( pounds) (Index Linked) to be paid towards the cost of the provision of Affordable Housing within the Borough
Affordable Housing Contribution means the sum of £206,367 (calculated as three properties £68,789 per property) and shall be paid to the Council in 3 equal phased payments the first payment to be made on occupation of the third Dwelling on the Site the second payment to be made on the occupation of the sixth Dwelling on the Site and the third payment to be made on the occupation of the ninth Dwelling on the Site such payments are to facilitate the provision of off-site affordable housing such sum is calculated on the basis that 30% of the dwellings on the site would be Affordable Housing and that the difference between the sum of the Open Market Value of the Market Housing Units and what a Registered Provider would offer to purchase the affordable dwellings on the site to be paid to the Council in lieu of Affordable Housing Units on the Land, for the purpose of addressing housing needs in Chatburn or elsewhere within the Council's area of the Borough.
Affordable Housing Contribution means such sum as is equal to the
Affordable Housing Contribution means the financial contribution that may be payable in lieu of an Affordable Housing Dwelling as part of the Development in accordance with the provisions of paragraphs 5.2.5 and 5.2.6 of this Schedule and which shall be calculated as the open market value of the relevant Dwelling less the price reasonably payable by a willing Registered Provider for the tenure proposed in the Affordable Housing Scheme such value to be determined by an independent valuation carried out by an expert at the expense of the Owner and the Developer where such expert shall be nominated by the District Council should it choose to do so