Affordable housing covenant definition

Affordable housing covenant means a nonpossessory interest in real property imposing

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 a public positive covenant in respect of an allotment of Affordable Housing identified on a registered plan of strata Subdivision for the Land, that: is a public positive covenant under section 88E of the Conveyancing Act 1919 (NSW), and which satisfies the requirements of section 88E; specifies that the City is imposing the public positive covenant, has the benefit of the public positive covenant, and has the sole authority to modify, vary or release the public positive covenant; and requires that, in respect of the dwelling of Affordable Housing within the allotment on which title the covenant is registered:

Examples of Affordable housing covenant in a sentence

• In order for you, as Resident, to be eligible to rent an Affordable Unit, you must be and remain an “Affordable Unit Tenant” as defined in the Affordable Housing Covenant.

• Those terms not specifically defined herein shall be assigned the definition provided in the Affordable Housing Covenant.

• Notary Public, State of Florida Print Name: My Commission Expires: EXHIBIT C to Land Donation Agreement Affordable Housing Covenant and Restriction Form THIS INSTRUMENT WAS PREPARED BY: Office of General Counsel Office of General Counsel 000 X.

• All capitalized terms not defined in this Rider shall have the meaning provided in the Affordable Housing Covenant (as defined below).

• DISTRICT OF COLUMBIA I, , a Notary Public in and for the District of Columbia, DO HEREBY CERTIFY THAT who is personally known to be (or proved by oaths of credible witnesses to be) the person named as for in the foregoing and annexed Affordable Housing Covenant, bearing the date of the personally appeared before me in said District of Columbia, and as , acting on behalf of , as aforesaid, acknowledged the same to be his/her free act and deed.

More Definitions of Affordable housing covenant

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. [PL 1991, c. 373 (NEW).]

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] households.

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 is that certain Affordable Housing Covenant between District and Developer substantially in the form attached hereto as Exhibit C, to be conformed and made consistent with this Agreement, and to be recorded in the Land Records against the Fee Parcels at Closing pursuant to Applicable Law and this Agreement.

Affordable housing covenant means the Affordable Housing Covenant attached hereto as Attachment “C” and incorporated herein by reference. The Affordable Housing Covenant shall be executed by City and Owner and recorded against the Property concurrently with this Agreement, but in any event no later than the issuance of a building permit for construction of any of the Affordable Units on the Property. The Affordable Housing Covenant shall be a priority lien against the Property, and shall not be subject or subordinate to any liens or encumbrances except as expressly approved in writing by the City.

Affordable housing covenant has the meaning set forth in Section 3.2.3.