Affordable housing covenant definition
Affordable housing covenant means a nonpossessory interest in real property im- posing limitations, restrictions or affirmative obligations that encourage development or that ensure continued availability of afforda- ble rental and owner-occupied housing for low or moderate income individuals.
Affordable housing covenant means any agreement among one or more owners, one or more tenants of residential real estate and one or more qualified holders, or between one or more owners and one or more qualified holders, or between one or more tenants and one or more qualified holders, that permits a qualified holder to control, either directly or indirectly, the purchase price of residential housing for the primary purpose of providing that the housing remains affordable to lower income and moderate-income households.
Affordable housing covenant means a nonpossessory interest in real property imposing
More Definitions of Affordable housing covenant
Affordable housing covenant means a nonpossessory interest in real property imposing limitations, restrictions or affirmative obligations that encourage development or that ensure continued availability of affordable rental housing for low- or moderate- income individual and families.
Affordable housing covenant means any agreement among one or more owners, one or more tenants of residential
Affordable housing covenant means a public positive covenant in respect of an allotment of Affordable Housing identified on a registered plan of strata Subdivision for the Land, that:
Affordable housing covenant means a nonpossessory interest in real property im-
Affordable housing covenant is that certain Affordable Housing Covenant between District and Developer in the form attached hereto as Exhibit B, to be recorded in the Land Records against the Property at the Acquisition Closing pursuant to Applicable Law and this Agreement.
Affordable housing covenant means the covenant to be recorded against each For Sale Affordable Unit in the form attached hereto as Exhibit "D-1" for Affordable Units designated for Very Low Income Households and Exhibit "D-2" for Affordable Units designated for Moderate Income Households.
Affordable housing covenant means a nonpossessory interest in real property imposing limitations, restrictions or affirmative obligations that encourage development or that ensure con- tinued availability of affordable rental and owner-occupied housing for low or moderate income in- dividuals.