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);

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;

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.

Examples of Affordable Housing Requirement in a sentence

• The Company shall allow the County to audit its records in connection with satisfaction of the Affordable Housing Requirement on reasonable notice by the County, by making such records available at reasonable times and locations in or in close proximity to the County’s offices in the City of Greenville, South Carolina, within ten (10) business days of receipt of such request.

• 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.

• Paragraph c (Affordable Housing Requirement) of Sub-Section 5 (Incentives and affordable housing requirements) of Section 375-401 (Dimensional Standards) of Article IV (Development Standards) of Chapter 375 is amended to read as follows: (c) Affordable housing requirement.

• The Planning Board may, in its discretion, approve development of the Affordable Housing Requirement off-site.

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

More Definitions of Affordable Housing Requirement

Affordable Housing Requirement means that the units shall be used solely for the provision of Affordable Housing.

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.

Affordable Housing Requirement shall have the meaning given to such term in Section 3.01 of this Agreement.

Affordable Housing Requirement as defined in Section 8.1(e) hereof. Agreement means this Development Agreement.

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.

Affordable Housing Requirement means the covenants set forth in Section

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: