Affordable Housing Requirement definition

Affordable Housing Requirement means a requirement relating to the provision of housing that is or is to be made available for people whose needs are not adequately served by the commercial housing market (and it is immaterial for this purpose where or by whom the housing is or is to be provided);
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Affordable Housing Requirement means the requirement that the Company and any Sponsor Affiliates continuously rent at least 20% of the Total Residential Units at the Project as Affordable Units to Low Income Residents, as follows: (i) Ten Percent (10%) of the Total Residential Units located at the Project shall be rented continuously to 60% Low Income Residents; and (ii) Ten Percent (10%) of the Total Residential Units located at the Project shall be rented continuously to 80% Low Income Residents.
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Affordable Housing Requirement means the requirement that the Company and any Sponsor Affiliates continuously rent at least 20% of the Total Residential Units at the Project as Affordable Units to Low Income Residents, as follows: (i) Ten Percent (10%) of the Total Residential Units located at the Project shall be rented continuously to 60% Low Income Residents; and (ii) Ten Percent (10%) of the Total Residential Units located at the Project shall be rented continuously to 80% Low Income Residents. The rent for each of the 60% Low Income Residents and the 80% Low Income Residents, shall not exceed 30% of the Low Income Residents’ gross income per the requirement of the U.S. Department of Housing and Urban Development guidelines.
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Examples of Affordable Housing Requirement in a sentence

  • PASSED Second Read • 151258 Planning Code - Affordable Housing Requirement and Fee in Divisadero Neighborhood Commercial Transit District.

  • Affordable Housing Requirement: Provisions shall be made to meet the required affordable housing obligation of at least 10% low and moderate income housing or as required by COAH/State Statute either on-site, off-site or through a payment in lieu addressed in a Developer’s Agreement.

  • The Affordable Housing Requirement related to the CCWP Parcel Bedrooms shall be satisfied by the Owners completing and deed-restricting in favor of the Town approximately twenty (20) Dwelling Units within which the forty-five (45) Bedrooms will be located, comprised of a mix of one-Bedroom Dwelling Units and multi-Bedroom Dwelling Units with up to six (6) Bedrooms.

  • Karla Wetzler, Planning and Zoning Director, through Zoom, provided information on the process of bringing the item to Council and shared that the Planning and Zoning Commission had approved the Planned Residential Unit Development (PUD) with certain criteria.

  • When replacement rates and scrappage are accounted for, the total U.S. fleet of ICEs will increase to roughly 300 million vehicles by 2030.

  • When advertising on a site on the Internet, the brokerage firm name shall be placed adjacent to or immediately above/below the point of contact information.

  • Risks to Delivery 23 Appendix 1 – Glossary 24Appendix 2 – Affordable Housing Requirement by Ward 27Foreword We are delighted to be able to introduce the Affordable Housing Delivery Statement (AHDS) for 2007-2011.

  • Affordable Housing Requirement – The applicant must commit to designating at least 20 percent of the multifamily housing units as affordable housing units to low- and moderate-income households and the property must satisfy that commitment and any additional affordability and income eligibility conditions adopted by the City under this chapter.

  • Correct Answer: D Section: (none) Explanation QUESTION 187 A corporate environment includes Exchange Server 20 10.

  • Affordable Housing Requirement for Increased Density Rural ClusterDevelopment: In the AR-1-1 and OR-1-2 zones within Proposition A LandsPlanned Developments using the increased density rural cluster alternative are required to provide housing units within the development, that are affordable to low income families, as certified by the San Diego Housing Commission.


More Definitions of Affordable Housing Requirement

Affordable Housing Requirement means the Council’s requirement that all Affordable Housing is to be divided equally between Social Rented Housing and Intermediate Affordable Housing;
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Affordable Housing Requirement means that the units shall be used solely for the provision of Affordable Housing.
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Affordable Housing Requirement shall have the meaning given to such term in Section 3.01 of this Agreement.
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Affordable Housing Requirement means the number of affordable housing units a project is required to provide subject to Ordinance 18-10 or other approvals issued by the City. Unless specified within a City Council approval, the following type of units shall be excluded and not be counted towards the requirement or satisfaction of affordable housing units:
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Affordable Housing Requirement means a minimum of 31 of 36 housing units, or as otherwise agreed upon by the City, will be affordable and available for rent, pursuant to this agreement. The Affordable Housing Requirement is in furtherance of the City’s objective to provide Affordable housing and promote a diverse neighborhood as an integral part of the Project.
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Related to Affordable Housing Requirement

  • 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 means housing that is available at a cost low enough to meet the needs of eligible households having regard to local incomes and local house prices and which will remain at an affordable price for future eligible households or, if not, that the subsidy is recycled for alternative affordable housing provision

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

  • 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.

  • 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.

  • Affordable Unit means a housing unit proposed or created pursuant to the Act and approved for crediting by the Court and/or funded through an affordable housing trust fund.

  • Insurance Affordability Program means a program that is one of the following:

  • Fair Housing Act means the Fair Housing Act, as amended.

  • Housing assistance means appropriate referrals by the

  • 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.

  • Affordable development means a housing development all or a portion of which consists of restricted units.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

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

  • Housing Provider means, with respect to a HOME Development, Local Government, consortia approved by HUD under 24 CFR Part 92, for-profit and Non-Profit Developers, and qualified CHDOs, with demonstrated capacity to construct or rehabilitate affordable housing.

  • Affordable Care Act means, collectively, the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010.

  • Housing Specialist means a specialized position dedicated to developing the full array of housing options for their program and monitoring their sustainability for the population served in accordance with the minimal housing standards policy set by the COUNTY for their program. The Housing Specialist is also responsible for assisting Participants with applications to low income housing, housing subsidies, senior housing, etc.

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Affordable Units means units that have rents that do not

  • 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.

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

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Closing protection letter means an agreement by the division to indemnify a lender or owner or both for loss caused by a division closer’s theft of settlement funds or failure to comply with written closing instructions relating to title certificate coverage when agreed to by the division closer.